The Chicago Mercantile Exchange (CME) is reportedly preparing to introduce futures contracts for Solana and XRP. There is a potential launch date of February 10, contingent on regulatory approval.
The CME website briefly details the new offers before the page is removed.
Trade Solana and XRP futures for retail investors
The announcement of futures contracts was published on a demo version of the CEM website. While some users claim it is fake, analysts have confirmed that it is possible.
“CME appears to be anticipating the launch of SOL and books ETF Analyst James Seyfart.
According to the leaked announcement, Solana and XRP futures will be available in both standard and mini sizes.
A standard SOL contract will have a large size of 500 SOL, while a mini contract will have 25 SOL.
Likewise, standard XRP futures contracts will have volumes as large as 50,000 XRP, with mini-lots capped at 2,500 XRP. All contracts will be settled in US dollars.
/
Cryptocurrency ETFs surge amid regulatory changes
The re-election of President Donald Trump and the resignation of Gary Gensler from the SEC have led to a wave of new applications for financial products related to cryptocurrencies. Companies expect a more favorable regulatory environment.
Yesterday, the SEC, under the leadership of Acting Chairman Mark Ueda, established a Cryptocurrency Task Force. This initiative is said to be aimed at bringing regulatory clarity to the industry.
“In the short time he has before Atkins takes office, Mark Ueda is expected to moderate the heavy-handed approach to regulation through enforcement overseen by Gensler. The current makeup of the SEC includes three commissioners, including Hester Pierce and Carolyn Crenshaw Agne Linge, head of growth at WeFi, told BeInCrypto that both Uyeda and Pierce are supporters of cryptocurrencies, meaning any positive regulation could impact the industry. It could easily pass moving forward.
As of now, four asset managers have applied for the XRP ETF, which includes WisdomTree Bitwise, 21Shares, and Canary Capital.
More applications for altcoin ETFs are expected in the near future, with Litecoin identified as the frontrunner.
Meanwhile, Nasdaq has already filed Form 19b-4 to list Canary Capital’s proposed Litecoin ETF. This is consistent with Canary’s recent S-1 amendment and SEC comments.
Analysts expect Litecoin to become the first altcoin after Ethereum to gain approval for an ETF, making Canary Capital an early leader in the space.
While XRP ETFs are generating significant interest, approval timelines could be extended due to ongoing legal proceedings between Ripple and the SEC.
Industry insiders expect the lawsuit to end under new SEC leadership, with Paul Atkins likely to take over as permanent chairman. If resolved, the decision could speed up approval processes for XRP ETFs.
Overall, the potential launch of SOL and XRP futures and the increase in ETF orders reflect the growing institutional interest in crypto assets.
Disclaimer
Adhering to the Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to verify the facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy and Disclaimer have been updated.
