CME Leak Hints at XRP, Solana Futures Launch in February

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CME Leak Hints at XRP, Solana Futures Launch in February
  • A leaked CME staging page reveals a potential February 10 launch for XRP and Solana futures.
  • XRP and Solana prices surged 3% following the news.
  • The move could trigger futures ETF applications and spark interest in spot ETFs.

The Chicago Mercantile Exchange (CME) may introduce regulated futures for XRP and Solana (SOL) in February, according to a leaked page from its staging website. The launch, however, hinges on regulatory approval.

XRP and Solana Futures Leak Draws Attention

The leaked page from the CME’s beta website suggests that trading for XRP and Solana futures could start next month, pending regulatory approval. Bloomberg analysts have confirmed the authenticity of the staging page, which detailed plans for both standard and micro-sized futures contracts.

Meanwhile, the website was taken down shortly after the leak surfaced, and the CME has not officially confirmed the information. Despite this, the news caused a sudden price increase for both XRP and Solana, reflecting heightened market anticipation. However, both coins have since retreated, with XRP down 1.2% and SOL down 2.8% in the past 24 hours.

Analysts React to the News

Crypto analyst Summer first reported the leak on X, stating that the CME appeared to be preparing for an official announcement. He shared an archival snapshot and a link to the staging domain for verification.

James Seyffart, a Bloomberg ETF analyst, retweeted the post, suggesting the development was logical and expected if true. He noted that the beta page aligns with the CME’s history of introducing regulated crypto futures.

Eleanor Terrett of Fox Business speculated that the introduction of XRP and Solana futures could spark applications for futures-based ETFs. She also pointed out that spot ETF applications for these assets are pending but lack a clear approval timeline.

Terrett added that demand for futures products could indicate institutional interest, especially since the current SEC leadership appears more receptive to spot ETF approvals.

Over 33 ETFs Await Approval 

The U.S. market has seen a surge in crypto-related ETF filings, with over 33 ETFs from 13 different issuers awaiting approval by the SEC. Aside from the popular altcoins, memecoins-ETF are also in the pipeline. 

Just this week, Rex Shares filed for seven spot ETFs, including three tied to the meme coins Official Trump (TRUMP), Dogecoin (DOGE), and Bonk (BONK). 

This surge in filings caught the market off guard. Bloomberg ETF analysts expected an increase in crypto ETF filings this year, but they didn’t anticipate meme coin-indexed spot funds.

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