Chicago-based futures giant is CME release XRP and SOL futures, pushing these tokens into the mainstream.
Earlier this Wednesday, the Chicago Mercantile Exchange added the XRP and SOL futures page to its subdomain.
The contracts are expected to be activated on February 10, pending regulatory approval.
Eric Balchunas, senior ETF analyst at Bloomberg, confirmed that the Chicago Mercantile Exchange is already launching regulated futures contracts for the above-mentioned tokens.
“One step closer to SEC approval for XRP and SOL ETFs,” Jake Chervinsky, director of commercial operations at Variant, said on social media.
Several issuers have already submitted applications for Ethereum and XRP ETFs. The latest development will likely prompt various issuers to file applications for futures-based ETFs that will track these tokens.
Bettors at Polymarket now see a 65% chance of approval for the spot XRP ETF by July 31. The Solana Spot ETF has slightly lower odds of receiving SEC approval by the above date (58%).
XRP and Solana rose 1.6% and 5.8%, respectively, over the past 24 hours, according to CoinGecko data.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
