CME Group might soon launch futures contracts for Solana (SOL) and XRP. The news first broke on Jan 22 after images and reports surfaced on social media. But CME Group has yet to confirm or deny these claims, and the crypto community is still speculating whether it could launch.
Futures contracts for Solana (SOL) and XRP: What’s at stake?
The speculation about CME Group’s plans for Solana and XRP futures began when a user, Summers, posted a screenshot of a supposed CME test page. The page, now unavailable, indicated that the futures contracts would launch on Feb 10.
According to the image, the Solana futures contract would be 500 SOL, with a micro version at 25 SOL. For XRP, the futures contract will be 50,000 XRP, and its micro version will be 2,500 XRP.
While Bloomberg ETF analyst James Seyffart expressed caution, noting that the page could be a fake, he also acknowledged that futures contracts for Solana and XRP would not be surprising. He points out that such products are “largely to be expected,” given the growing interest in cryptocurrency investment tools.
Surge in Crypto ETF and futures filings amid regulatory shift
This potential launch comes amid a surge in applications for crypto-related exchange-traded funds (ETFs) and futures products. The filings follow President Donald Trump’s reelection and Gary Gensler’s resignation as chair of the U.S. Securities and Exchange Commission (SEC). Many industry experts believe these developments could lead to a more crypto-friendly regulatory environment.
Bloomberg’s senior ETF analyst, Eric Balchunas, suggested that an ETF tracking Solana futures could be launched as early as mid-March. However, he raised some questions about the demand for such a product, particularly since a spot SOL ETF might be on the horizon.
The filings for crypto ETFs in the U.S. have also included Solana and XRP. Currently on hold with the SEC are 33 ETFs from 13 issuers, Seyffart recently revealed. Among the latest filings, Rex Shares filed for seven spot ETFs, including Dogecoin (DOGE), Bonk (BONK), and the memecoin Official Trump (TRUMP).
However, as the regulatory landscape changes, financial firms have begun to position themselves in order to offer a variety of crypto based investment products that include spot ETFs to futures contracts all in response to growing demand in the market.
