- CME set to launch XRP and SOL futures on February 10, pending regulatory approval, expanding crypto trading options.
- Introduction of futures could accelerate SEC’s approval process for XRP and SOL ETFs, enhancing crypto market accessibility.
The Chicago Mercantile Exchange (CME), an exchange in futures trading, has announced its plans to introduce futures contracts for XRP and SOL, marking a significant extension of cryptocurrency derivatives into mainstream financial markets.
Scheduled to be accessible on the CME platform from February 10th, pending regulatory consent, these new offerings reflect a growing institutional interest in digital currencies. Jake Chervinsky, Chief Legal Officer at Variant, hinted at the broader implications of this move on social media, suggesting it brings “one step closer to SEC approval for XRP and SOL ETFs.”
@SynopticCom : CME just added XRP and SOL futures page to their staging subdomain. Page says XRP and SOL futures are going live on Feb 10 pending regulatory review. Looks like they are preparing for the official announcement. Brace for paradise.
As always, posted this first on… pic.twitter.com/Am6fzLyApd
— Summers (@SummersThings) January 22, 2025
The decision to add XRP and SOL futures follows CME’s previous inclusion of real-time indices and reference rates for XRP in July, as reported by ETHNews. This progression indicates an increased acknowledgment of cryptocurrencies within the structured finance environment.
The forthcoming futures contracts are likely to spur a variety of issuers to propose futures-based ETFs, aiming to track the performance of these tokens. This is a natural progression from the recent applications filed for spot Ethereum and XRP ETFs , indicating a robust appetite for regulated cryptocurrency investment vehicles.
Market sentiment has been buoyed by these developments, with Polymarket traders currently assessing a 65% probability of a spot XRP ETF receiving SEC approval by July 31. The odds for a Solana-based ETF stand slightly lower at 58%, illustrating cautious optimism about the regulatory outlook for these innovations.
Over the past 24 hours, according to data from ETHNews, XRP and Solana have experienced price increases of 1.6% and 5.8%, respectively. These movements may be partially attributed to the positive market reaction to CME’s announcement, which underscores growing investor confidence in the liquidity and stability provided by futures markets for cryptocurrencies.
