Leaked CME website suggests XRP, SOL futures to launch subsequent month

CME Group is doubtlessly making ready to launch Solana (SOL) and XRP futures contracts on January 22, primarily based on reviews and pictures shared on social media.

Nonetheless, CME Group has but to make a public assertion on the matter and has neither confirmed nor denied the authenticity of the pictures at press time, resulting in rampant hypothesis.

The knowledge first surfaced when consumer X, recognized as Summers, shared screenshot of alleged CME website used for testing. This web page, which was unavailable at press time, is about to pre-launch February tenth

Alex Thorn, head of analysis at Galaxy Digital, later shared the pictures revealing that CME will supply futures and micro futures contracts on each property, all of which will likely be settled in money.

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

Bloomberg ETF analyst James Seyffart pointed it out the web page could also be faux. Nonetheless, he added that SOL and XRP futures make sense and will be “largely anticipated.”

Seyffart additionally famous that if the pictures and web sites are faux, it might be a “good fakeout”.

In the meantime, Eric Balchunas, senior ETF analyst at Bloomberg he stated expects an exchange-traded fund (ETF) monitoring SOL futures as early as mid-March. He additionally questioned the demand for such a product as a spot SOL ETF is more likely to come quickly.

Greater than 30 ETFs

The US market is experiencing a wave of crypto-related ETF filings. Seyffart lately highlighted that 33 ETFs filed by 13 completely different issuers are at the moment awaiting approval from the US Securities and Trade Fee (SEC).

Along with ETFs filed final yr, monitoring XRP, SOL, Hedera (HBAR), Litecoin (LTC), and baskets of property, memecoin-linked funds have additionally emerged.

On January 21, Rex Shares filed for seven completely different spot ETFs, three of them tied to memecoins Official Trump (TRUMP), Dogecoin (DOGE) and Bonk (BONK). Balchunas famous that the scenario was “surreal”.

Though Bloomberg ETF analysts anticipated a a wave of crypto ETF filings this yr, they didn’t embrace memecoin listed spot funds of their predictions.

Matthew Sigel, head of digital asset analysis at VanEck, he referred to as SEC to return ETF approval to first-come, first-served course of amid surge in new functions.

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