Brazil's B3 to Launch Ethereum and Solana Futures in June

According to PANews, Brazil's B3 Stock Exchange has announced plans to introduce Ethereum and Solana futures contracts on June 16, expanding its range of cryptocurrency financial products. This initiative has received approval from the Brazilian Securities Commission (CVM) and aims to assist institutional investors in navigating asset custody challenges, facilitating easier participation in the crypto market. Unlike existing Bitcoin futures, the ETH and SOL contracts will be priced in U.S. dollars, with each contract representing 0.25 ETH and 5 SOL, respectively. Additionally, B3 has decided to reduce the nominal value of Bitcoin futures contracts from 0.1 BTC to 0.01 BTC to enhance liquidity and investor engagement. The exchange has been preparing these products since February this year, initially planning to launch them by the end of the year.