CME Group has announced that it will launch Solana (SOL) futures on March 17, pending final regulatory approval. The new contracts will be available in two sizes: a micro contract for 25 SOL and a standard contract for 500 SOL.

According to Giovanni Vicioso, Global Head of Cryptocurrency Products at CME, this move is driven by strong client demand for regulated instruments to manage cryptocurrency volatility.

The launch of Solana futures could increase the chances of approval for spot Solana ETFs. Franklin Templeton, Bitwise, Grayscale, and 21Shares have already filed applications with the SEC. JPMorgan predicts that Solana ETFs could attract between $2.7 billion and $5.2 billion in investments in the first few months.

Sui Chung, CEO of CF Benchmarks, emphasized that the presence of a futures market could accelerate SEC approval, as regulated instruments provide oversight of market activity.

Following this news, Solana’s price surged 21.3% in the past 24 hours, reaching $175.