By crypto.news | Created at 2025-01-22 21:35:55 | Updated at 2025-01-23 01:06:11
3 hours ago
The CME’s staging website indicated that investors could soon access futures contracts for Solana and Ripple’s XRP.
Solana (SOL) and Ripple (XRP) futures trading is set to debut on the Chicago Mercantile Exchange platform on Feb. 10, according to a supposed CME subdomain.
Bloomberg exchange-traded fund analyst, Eric Balchunas, noted that the update appeared on the “beta.cmegroup” website, which stated that the two products were pending regulatory approval.
Fellow ETF expert James Seyffart also emphasized that the news wasn’t shared via official channels, advising caution until the exchange posts confirmation. “Honestly, if this is fake, it’s a pretty good fakeout. I’m waiting for CME to officially confirm this via press release or their actual website though,” Seyffart wrote on X.
Assuming "beta.cmegroup" is actually a beta/test version of the actual CMEGroup website — looks like CME is expecting to launch SOL & XRP futures on Feb 10. But this isn't available on the actual website yet.
Honestly makes sense and largely to be expected if true IMO https://t.co/lfMGd8X9KE
Several financial juggernauts, including JPMorgan and Standard Chartered, believe that more ETFs will go live in 2025. Analysts have predicted up to $14 billion in new cash flow into SOL and XRP products if regulators give the green light.
Issuers have filed documents with the Securities and Exchange Commission to bring these products to market, although roadblocks emerged last year. Industry sentiment suggests that regulatory clarity over SOL’s security status will be a deciding factor. However, optimism remains due to a new pro-crypto administration expected under President Donald Trump.
