No official confirmation on SOL and XRP futures despite CME leak

After a one-page leak detailing the futures of Solana and XRP on CME, a spokesperson confirmed that this was an early mock-up and no official plans have been finalized yet.

The Chicago Mercantile Exchange, a global leader in derivatives trading, may be preparing to introduce eventually contracts for Solana (GROUND) and ripple (XRP) as early as February 10, according to a leaked page from their beta website. Although the page was quickly removed, it detailed key specifications of the contracts.

However, Fox Business reporter Eleanor Terrett reported that a CME spokesperson described the beta website as an environment project used for mockups, which had been made public by mistake.

“No official decision has yet been made regarding the launch of futures contracts for either token,” the spokesperson clarified.

James Seyffart, a Bloomberg ETF analyst, commented on the leak, saying: “Honestly, it makes sense and is largely to be expected if it’s true. »

According to the leaked details, futures contracts for Solana and XRP would be available in standard and micro sizes.

Solana’s standard contracts would feature a lot size of 500 SOL, with micro contracts reduced to 25 SOL. Similarly, standard XRP futures contracts would involve 50,000 XRP per lot, with micro contracts valued at 2,500 XRP.

All contracts are expected to be settled in US dollars, making them convenient for institutional players who are hesitant to deal with direct crypto settlements.

THE re-election of Donald Trump and the resignation of former SEC Chairman Gary Executioner have led to renewed optimism among investors, with companies rushing to bring products such as the Solana and XRP ETFs to market.

ProShares, for example, submitted an application for the Solana futures ETF on January 17, while WisdomTree filed for an XRP ETF in December 2024. Other companies, including Bitwise, 21Shares and Canary Capital, are also trying to introduce various ETFs.

Seyffart noted that the availability of Solana futures on CME could answer the question of whether the current Solana futures market, dominated by Coinbase, has the liquidity needed for such products. “I don’t know if Coinbase SOL futures are large and liquid enough,” Seyffart remarked in a previous tweet.