cyrpto CME, Feb, futures, launch, SOL, XRP Mark January 23, 2025 0 Comments

CME could launch SOL and XRP futures on Feb. 10

The CME preparation website reported that investors could soon access futures contracts for Ripple’s Solana and XRP.

Solana (GROUND) and ripple (XRP) futures trading is expected to debut on the Chicago Mercantile Exchange platform on February 10, according to a supposed CME subdomain.

Eric Balchunas, exchange-traded fund analyst at Bloomberg, note that the update appeared on the “beta.cmegroup” site, which indicated that both products were awaiting regulatory approval.

James Seyffart, another ETF expert, also pointed out that the news was not shared through official channels, advising caution until the exchange issues confirmation. “Honestly, if it’s fake, it’s a really good fake. I am waiting for CME to officially confirm this via a press release or on their current website,” Seyffart wrote on X.

Assuming that “beta.cmegroup” is actually a beta/test version of the current CMEGroup website, it appears that CME expects to launch SOL and XRP futures on February 10. But this is not yet available on the current website.

Honestly this makes sense and is largely to be expected if the real thing IMO https://t.co/lfMGd8X9KE

–James Seyffart (@JSeyff) January 22, 2025

Several financial giants, including JPMorgan and Standard Chartered, estimate that more ETFs will go live in 2025. Analysts predict up to $14 billion in new cash flows into SOL and XRP products if regulators give the go-ahead Green.

Issuers have filed documents with the Securities and Exchange Commission to market these products, despite obstacles emerged last year. Industry sentiment suggests that regulatory clarity on SOL’s safety status will be a deciding factor. However, optimism remains due to a new pro-crypto administration expected under President Donald Trump.