Leaked CME page hints at XRP, SOL futures launching next month

CME Group could also be getting ready to launch futures contracts for Solana (SOL) and XRP, primarily based on stories and pictures shared on social media on January 22.

Nevertheless, CME Group has but to make a public assertion on the matter and has neither confirmed nor denied the authenticity of the photographs on the time of writing, resulting in rampant hypothesis.

The knowledge first appeared then an X consumer, recognized as Summers, shared a screenshot of an alleged CME web page used for testing. This web page, which was offline on the time of writing, is prepared for a pre-launch February 10.

Alex Thorn, head of analysis at Galaxy Digital, later shared pictures revealing that CME would supply futures and microfutures contracts for each belongings, all of which might be settled in money.

The Solana futures contract has a measurement of 500 SOL, whereas the micro contract is 25 SOL. The XRP futures contract has a measurement of fifty,000 XRP and the micro model has a measurement of two,500 XRP.

Bloomberg ETF analyst James Seyffart warned about this the web page could possibly be fake. Nevertheless, he added that futures contracts for SOL and XRP make sense and are “largely anticipated.”

Seyffart additionally famous that if the photographs and web site are pretend, it could be a “good fakeout.”

In the meantime, Bloomberg senior ETF analyst Eric Balchunas says he stated expected an exchange-traded fund (ETF) that has been monitoring SOL futures since mid-March. He additionally questioned the demand for such a product, as a spot SOL ETF is probably going on the best way quickly.

Greater than 30 ETFs

The US market is experiencing a surge in crypto-related ETF purposes. Seyffart not too long ago highlighted that 33 ETFs, filed by 13 totally different issuers, are at the moment awaiting approval by the U.S. Securities and Alternate Fee (SEC).

Along with the ETFs filed final 12 months, which observe XRP, SOL, Hedera (HBAR), Litecoin (LTC) and baskets of belongings, funds tied to memecoins have additionally emerged.

On January 21, Rex shares submitted for seven totally different spot ETFs, three of that are tied to the memecoins Official Trump (TRUMP), Dogecoin (DOGE) and Bonk (BONK). Balchunas famous that the state of affairs was “surreal.”

Though Bloomberg ETF analysts have a wave of crypto ETF purposes this 12 months they didn’t embody memecoin-indexed spot funds of their predictions.

Matthew Sigel, head of digital asset analysis at VanEck, known as up the SEC to return ETF approvals to a first-come, first-served course of amid the surge in new filings.

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