China News Daily Official TheBitTimes.com

Leading US-based crypto exchange Coinbase has launched Solana (SOL) futures contracts on its regulated derivatives platform.  Announced in a Feb. 19 Coinbase blog post , the launch of CFTC-regulated SOL futures aims to drive institutional adoption of Solana and could pave the way for approval of spot Solana ETFs (exchange-traded funds) in the US. Coinbase SOL Futures Products Include Contracts For Under $1,000 Coinbase’s SOL futures contracts are standardized agreements to buy or sell an underlying asset at a future date. According to the blog post, Coinsbase’s products will include standard contracts representing 100 SOL as well as retail-focused “nano” contracts representing just 5 SOL.  Coinbase Derivatives, LLC now offers CFTC-regulated futures for $SOL and $HBAR –bringing more institutional-grade crypto products to the U.S. futures market. pic.twitter.com/rLJz1bQGRA — Coinbase Institutional 🛡️ (@CoinbaseInsto) Febr...

The co-filing comes just a week after reports emerged that the SEC is likely to greenlight Ethereum ETF applications. Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications. The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission. The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as those traded on the Chicago Mercantile Exchange (CME).  ARK 21Share has filed two more Bitcoin/ Ethereum ETF applications to the SEC. Source: SEC. ARKY, on the other hand, will consist of both Bitcoin and Ethereum futures contracts. Empowered Funds has been assigned as investment adviso...