After submitting a proper request to the CFTC, the institutional buying and selling platform Coinbase Derivatives would now be able to checklist futures on Solana.
The transfer opens the doorways to new speculative alternatives, particularly for institutional-type shoppers, not directly influencing the SEC’s resolution relating to the launch of a spot Solana ETF inside the American exchanges. The date for the itemizing is about for February 18th.
Let’s see every part intimately beneath.
Coinbase Derivatives is getting ready to checklist Solana futures after making use of to the CFTC firstly of the month
Coinbase Derivatives, a platform centered on crypto derivatives buying and selling and controlled in america, has introduced the upcoming itemizing of Solana futures.
The subsidiary of the namesake cryptocurrency alternate had submitted a self-certification doc just a few days in the past to the Commodity Futures Buying and selling Fee (CFTC) to inform the intention to checklist the asset.
Along with the brand new alternate on Solana (SOL), Coinbase Derivatives is alleged to have utilized to launch merchandise primarily based on Hedera (HBAR), a blockchain product primarily based within the USA.
Based on what was reported to the CFTC, the itemizing is predicted for Tuesday, February 18, with the brand new contracts to be settled in money on a month-to-month foundation.
If there are not any objections from the regulator, the contract dimension for Solana futures could be 100 SOL, at the moment equal to roughly 24,000 {dollars}.
The institutional part of Coinbase would additionally supply Solana contracts “NANO” with a dimension of 5 SOL. On the identical time, the Hedera futures could be sized at 5,000 tokens.
We remind you that at the moment Coinbase Derivatives presents publicity to the crypto market via by-product merchandise primarily based on a selected choice of cash.
This consists of belongings like Bitcoin, Ethereum, Litecoin, Bitcoin Money, Dogecoin, Polkadot, Shiba Inu, Avalanche, Chainlink, and Stellar, in addition to gold and oil.
The selection to introduce a selected marketplace for Solana comes within the midst of an ongoing regulatory change for the cryptocurrency market in america.
With the entry of the brand new pro-crypto president Donald Trump, new views may open up for a extra favorable regulation for the sector, facilitating the approval of monetary merchandise primarily based on digital belongings like Solana.
Supply: https://x.com/CryptosR_Us/standing/1885076846187802878
Coinbase shakes the market: ETF on $SOL coming to Wall Road?
The strategic transfer by Coinbase Derivatives to dive into Solana futures follows the continued strain from crypto operators on the SEC for the request of an ETF product primarily based on the identical foreign money. In current months, a number of corporations have filed paperwork with the Securities and Change Fee, particularly requesting the introduction of spot SOL ETFs on Wall Road. Among the many main asset managers, we discover Grayscale Investments, Cboe BZX Change, 21Shares, and Bitwise.
At this level, it’s attainable that the itemizing of Solana futures on Coinbase Derivatives may affect the SEC’s resolution on the matter. The institutional subsidiary platform of Coinbase is certainly regulated by the CFTC and follows strict requirements to find out its providing to buyers. Not directly, the truth that Coinbase acts as a bridge between the crypto world and controlled markets may due to this fact positively affect the selection of the U.S. regulatory authority.
It ought to be famous, nonetheless, that the CFTC doesn’t have the identical weight as different institutional entities in america, such because the CME.
If the Chicago Mercantile Change had been to resolve to checklist Solana futures, then the SEC could be extra inclined to proceed with the approval of the associated spot ETFs.
Moreover, in some circumstances in opposition to Coinbase and Binance, the SEC had recognized SOL as a attainable asset safety: this might strongly restrict the company’s freedom ought to or not it’s thought of as such.
In any case, the affect of the brand new Trump administration will definitely have a optimistic affect on this context, additionally contemplating the appointment of the pro-crypto Paul Atkins as the brand new chairman of the SEC. Traders are assured that in 2025 spot ETF markets for established belongings like SOL, XRP, and LTC may very well be permitted.
Based on Polymarket odds, there may be at the moment a 35% likelihood {that a} Solana ETF shall be permitted by July 31. Broadening the horizons, by the end-of-year deadline, the percentages rise to 84%.
Supply: https://polymarket.com/occasion/solana-etf-approved-by-july-31-2025?tid=1739437351606
Evaluation of the Solana crypto worth
The itemizing of Solana futures on Coinbase Derivatives may give that contact of liveliness to the value motion of SOL that has been lacking for just a few weeks. The cryptocurrency costs had approached the symbolic citation of 300 {dollars} on January 19, solely to observe the heavy market sell-off. From that second on, the bears took management of the state of affairs, creating a robust prime assemble for Solana, which is now traded at 192 {dollars} per token.
In the midst of the decline, the coin additionally misplaced the help of the 50 EMA, highlighting the robust bearish element within the brief time period. Buying and selling volumes have decreased considerably, as have the funding charges on futures and the open curiosity of the derivatives markets.
In current days, there was a real reset of the complete crypto sector, as normally occurs throughout bull market phases, which has rebalanced the market’s excesses.
Now Solana wants a brand new stimulus to return to a bull outlook and purpose for brand spanking new all-time highs throughout 2025. The approval of the spot ETF would probably be the perfect narrative to journey within the coming months, sufficient to carry again buyers’ consideration. Even on the memecoin entrance, Solana may achieve vital traction if Pump.enjoyable continues to document wonderful volumes as in current months.
The primary goal for a restoration of SOL is about at 220 {dollars}, with the intention to mark a triple backside within the each day chart of the coin beneath the present quotations. Subsequently, it will be essential to recuperate 260 {dollars} and stabilize above it to then probably begin with one other leg up.
For the orsi, a dip beneath 180 {dollars} would already be ample to proceed to maintain the state of affairs of their grip and purpose for brand spanking new ribassisti targets.
Supply: https://polymarket.com/occasion/solana-etf-approved-by-july-31-2025?tid=1739437351606
