Tag: Futures

Crypto Exchange Kraken Acquires Leading US Retail Futures Trading Platform NinjaTrader

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The second-largest US-based crypto exchange by trading volume is expanding its repertoire as it prepares to go public. Earlier this month, Kraken announced plans to offer an Initial Public Offering (IPO) early next year. On the heels of the announcement, Kraken now says it has acquired the leading US retail futures trading platform NinjaTrader. NinjaTrader was founded in 2003, provides services for nearly two million traders, and is a Commodity Futures Trading Commission (CFTC)-registered Futures Commission Merchant (FCM). According to Kraken, the deal represents the largest ever between traditional finance…

Solana Futures ETFs Hit Wall Street — Will SOL Soar Or Crash?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Florida-based Volatility Shares LLC is launching two exchange-traded funds (ETFs) tied to Solana futures. According to a filing with the US Securities and Exchange Commission (SEC), these products will…

Solana futures ETF to grow institutional adoption, despite limited inflows

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The crypto industry is set to debut the first Solana futures exchange-traded fund (ETF), a significant development that may pave the way for the first Solana spot ETF, as the “next logical step” for crypto-based trading products, according to industry watchers. Volatility Shares is launching two Solana (SOL) futures ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20. The debut of the first Solana futures ETF may bring significant new institutional adoption for the SOL token, according to Ryan Lee, chief…

Kraken nears $1.5B deal allowing it to offer US crypto futures: Report

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Crypto exchange Kraken is reportedly closing in on a $1.5 billion acquisition of trading platform NinjaTrader, a move that would expand Kraken’s customer base and enable it to offer crypto futures and derivatives in the US. The deal could be confirmed by the morning of March 20 in the US, The Wall Street Journal said in a March 19 report, citing people familiar with the matter. Kraken’s expanded offerings would be made possible through NinjaTrader’s registration as a Futures Commission Merchant.  The move would help Kraken’s strategy to work across…

Volatility Shares launching Solana futures ETFs March 20

Volatility Shares is launching two Solana (SOL) futures exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20. According to the Securities and Exchange Commission filing, SOLZ will feature a management fee of 0.95% until June 30, 2026, when the management fee will increase to 1.15%. Volatility Shares’ 2X Solana ETF gives investors twice the leverage and will feature a 1.85% management fee. Volatility Shares Solana ETF SEC filing. Source: SEC The filings represent the first Solana-based ETFs in the…

Bitcoin futures ‘deleveraging’ wipes $10B open interest in 2 weeks

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Bitcoin (BTC) exchanges are getting a key “deleveraging event,” which should shape future gains, new research says. In one of its “Quicktake” blog posts on March 17, onchain analytics platform CryptoQuant revealed a $10 billion capitulation on Bitcoin futures markets. Bitcoin sees “essential” event for BTC price rebound Bitcoin derivatives traders have flipped firmly risk-off since BTC/USD hit its current all-time highs in mid-January. CryptoQuant, which uses data from various major crypto exchanges, calculates that aggregate open interest (OI) on futures fell by $10 billion in just three weeks from…

Modest CME Solana futures fanfare signals possible ETF turnout: K33

Demand for the CME Solana futures product could indicate future investor appetite for an ETF tracking the altcoin. The CME Solana (SOL) futures debuted to lackluster trading activity compared to Bitcoin (BTC) and Ethereum (ETH) futures products on the Chicago Mercantile Exchange, wrote K33 head of research Vetle Lunde and senior analysts David Zimmerman. Launched on March 17, the CME SOL futures recorded a modest $12.3 million for trading volume and only $7.8 million in open interest. Conversely, CME Bitcoin futures secured $102.7 million in launch day trading volume in…

Solana futures finish first trading day on CME

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Solana (SOL) futures traded for the first time on the Chicago Mercantile Exchange (CME) Group’s US derivatives exchange on March 17 as the cryptocurrency’s mainstream adoption gains momentum. In February, CME tipped plans to list two types of SOL futures contracts: standard contracts representing 500 SOL and retail-friendly “micro” contracts representing 25 SOL each.  They are the first regulated Solana futures to hit the US market after Coinbase’s launched in February. The contracts are settled in cash, not physical SOL. On March 17, the contracts’ first trading day, SOL futures…

21Shares will liquidate two of its Bitcoin and Ethereum futures contracts ETFs

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21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin (BTC) and Ethereum (ETH) futures. Specifically, it will liquidate the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF, both trading on Cboe BZX. The last day to buy or sell shares of these ETFs is March 27. On March 28, both will be officially liquidated. Shareholders who don’t sell until the date…

Ethereum price futures slip into backwardation, BTC in contango: Kraken

Ethereum price continued its strong downward trend against the US dollar and Bitcoin as its linear weekly futures moved into backwardation. Ethereum (ETH) crashed to 0.023 against Bitcoin (BTC), its lowest level since May 2020 and 74% below its highest level during the pandemic.  Similarly, the coin dropped to a low of $1,770, its lowest point since October 2023, and 57% from its highest level in December of last year.  The ongoing Ethereum price crash is attributed to several factors like the ongoing ETF outflows, increased competition from layer-1 and…