The private block trade was done ahead of a futures launch as CME prepares for a possible Solana ETF, expected by some to occur this year.
Source: https://decrypt.co/310098/falconx-carries-out-first-cme-group-solana-futures-block-trade
Source: https://decrypt.co/310098/falconx-carries-out-first-cme-group-solana-futures-block-trade
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