Solana CME Futures and Open Interest See Blowout Growth in July

According to recent reports, the trading volume for Solana CME futures and open interest shot up dramatically in July

Recent data revealed that total Solana CME futures volume reached $8.1 billion, which is a 252% increase from June’s $2.3 billion. This surge marks the highest activity for SOL CME futures since they started trading in March 2025.

The Surge Signifies Institutional Confidence in Solana

Similarly, the open interest for Solana CME futures reached an average of $400.9 million, a 203% increase from June’s average of $132.3 million

Open interest shows the total value of active futures contracts. This sharp increase in trading volume and open interest reveals that institutional traders are becoming more confident in Solana

Notably, CME Group has expanded its crypto derivatives market beyond just Bitcoin (BTC) and Ethereum (ETH). The launch of Solana futures demonstrates that asset managers, hedge funds, and trading firms are seeking additional options for investing in various cryptocurrencies.

Meanwhile, the trading volume for CME’s Bitcoin futures reached $275.3 billion in July, a 23% increase from the previous month. Average open interest also rose by 8.5% to $17.8 billion. For CME’s Ethereum futures, the trading volume surged 82% to $118.1 billion, and average open interest increased by 75% to $5.2 billion

CME Group Launches SOL Futures

When the CME Group launched SOL futures in February, it was to provide investors with a way to trade Solana’s price movements without directly holding the asset

It is worth noting that these futures are settled in cash and are usually presented in two sizes. The standard contracts are equivalent to 500 SOL, while the micro contracts are only 25 SOL.

The CME CF SOL-Dollar Reference serves as the backing for these prices. It presents a daily reference rate of the U.S. dollar price of Solana, usually calculated at 4:00 p.m. London time. Recall that StoneX and FalconX Digital also joined CME Group to facilitate its efforts to help institutions gain access to cryptocurrencies.

In March, the digital asset broker executed the first-ever block trade of CME Group’s newly launched SOL futures product with StoneX.

Future Spot Solana ETFs

It is worth noting that several investment firms have moved in on SOL exchange-traded funds (ETFs)

Franklin Templeton, a major asset manager, recently became the largest firm to file for a Solana ETF. VanEck and 21Shares also submitted applications, with VanEck being the first to apply to the U.S. Securities and Exchange Commission (SEC).

Intriguingly, the United States’ first Solana staking ETF has made a confident market entry, signaling growing interest in crypto staking-enabled ETFs among institutional investors. Solana CME futures also showed record demand following the ETF debut.

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