The Brazilian B3 Stock Exchange will launch Ethereum and Solana futures on June 16th

According to Bitcoin.com, Brazilian stock exchange B3 announced that it will launch Ethereum and Solana futures contracts on June 16th, further expanding its cryptocurrency financial product line. This product has been approved by the Brazilian Securities and Exchange Commission (CVM) and aims to help institutional investors avoid asset custody difficulties and participate in the cryptocurrency market more conveniently. Unlike existing Bitcoin futures, ETH and SOL contracts will be denominated in US dollars, with each contract corresponding to 0.25 ETH and 5 SOL, respectively. At the same time, B3 announced a reduction in the face value of Bitcoin futures contracts from 0.1 BTC to 0.01 BTC to enhance liquidity and investor engagement. The exchange has been preparing for these products since February this year, with plans to launch them before the end of the year.