Futures trading for XRP and Solana (SOL) will go live on the Chicago Mercantile Exchange on Feb. 10, pending regulatory approval, according to a staging subdomain of the CME Group's main website.
"Assuming "beta.cmegroup" is actually a beta/test version of the actual CMEGroup website -- looks like CME is expecting to launch SOL & XRP futures on Feb 10. But this isn't available on the actual website yet.Honestly makes sense and largely to be expected if true [in my opinion]," said Bloomberg ETF analyst James Seyffart.
"Trade regulated, capital-efficient futures on two leading cryptocurrencies with new SOL and XRP futures, launching February 10," the CME Group's website staging subdomain read Wednesday afternoon. "Available in both standard and micro-sized contracts, these contracts allow you to scale your exposure and manage risk with greater precision and flexibility."
These monthly, financially-settled futures will be available in two contract sizes so traders can scale exposure with greater precision and flexibility, the site said. The new futures contracts will have BTIC and block functionality available at launch.
Last year, Standard Chartered’s Geoffrey Kendrick told The Block that SOL and XRP ETFs might secure approval in 2025. This week, JPMorgan analysts projected that, if approved, these ETFs could attract up to $13.6 billion in new investments within six to twelve months.
The Block reached out to CME Group for comment.
This is a developing story. Check back soon for updates.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
