According to db, the CME has no plans to offer Solana futures!

Why is this so relevant in relation to possible "altcoin ETFs"?

The approval of ETFs in the US is largely influenced by the Securities and Exchange Commission (SEC), which in turn places importance on the structure and regulatory acceptance of the underlying instruments.

The availability of futures on a regulated exchange such as the CME is often a decisive factor in the approval of an ETF, as it serves as proof of market integrity and the possibility of effective price discovery.

In the case of #Bitcoin and #Ethereum, both were offered by the CME as "commodity futures" for a period of time before ETF approval.

Without Solana futures on the CME, it is therefore less likely that a Solana ETF will be approved by the SEC, and may not even be applied for.