Breaking: CME to Launch XRP and SOL Futures Contracts
01/23/2025 03:07
XRP and SOL are expected to get futures contracts on CME
XRP and SOL are expected to get futures contracts on CME
Chicago-based futures giant CME is launching XRP and SOL futures, pushing these tokens further into the mainstream.
Earlier this Wednesdy, CME added XRP and SOL futures page to its staging subdomain.
The contracts are expected to go live on Feb. 10 pending regulatory approval.
Eric Balchunas, Bloomberg's senior ETF analyst, has confirmed that CME is indeed launching regulated futures for the aforementioned tokens.
"One step closer to SEC approval for XRP and SOL ETFs," Jake Chervinsky, CLO at Variant, said on social media.
Various issuers have already filed applications for spot Ethereum and XRP ETFs. The latest development will probably prompt various issuers to file for futures-based ETFs that will track these tokens.
Related
Polymarket bettors now see a 65% chance of a spot XRP ETF being approved by July 31. A spot Solana ETF has slightly lower odds of being greenight by the SEC by the aforementioned date (58%).
XRP and Solana are up 1.6% and 5.8%, respectively, over the past 24 hours, according to CoinGecko data.
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Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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