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Bitcoin News Roundup for June 17, 2020

With Ethereum logging its busiest week on record and the number of bitcoin whales headed up, CoinDesk's Markets Daily Bitcoin news roundup is back!

Updated Dec 6, 2022, 6:28 p.m. Published Jun 17, 2020, 4:03 p.m.

With Ethereum logging its busiest week on record and the number of bitcoin whales headed up, CoinDesk's Markets Daily Bitcoin news roundup is back!

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

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When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

What to know:

Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.