Primarily based on experiences and pictures shared on social media on January twenty second, CME Group could also be making ready to launch futures contracts for Solana (SOL) and XRP.

Nonetheless, CME Group has but to concern an official assertion on the matter, nor have they confirmed or denied the authenticity of the photographs on the time of writing, resulting in rampant hypothesis.

This info first surfaced in X person, recognized as Summers; share Screenshot of the CME web page allegedly used for testing. The web page was down on the time of this text, however is about to pre-publish the subsequent day. February tenth.

Alex Thorne, head of analysis at Galaxy Digital, later shared the picture. reveal CME will supply futures and micro-futures contracts for each belongings, all of which might be settled in money.

The dimensions of the Solana futures contract is 500 SOL, whereas the micro is 25 SOL. The dimensions of the XRP futures contract is 50,000 XRP and the dimensions of the micro model is 2,500 XRP.

James Seifert, Bloomberg ETF Analyst warned The web page could also be faux. Nonetheless, he added that the SOL and XRP futures contracts make sense and are “typically in keeping with expectations.”

Seifert additionally identified that if the picture or web site is faux, it might be a “good faux.”

In the meantime, Eric Balchunas, senior ETF analyst at Bloomberg, stated: he stated. I am trying ahead to it An exchange-traded fund (ETF) monitoring SOL futures might launch as early as mid-March. He additionally questioned the demand for such a product, as a spot SOL ETF is more likely to arrive quickly.

30+ ETFs

Within the U.S. market, functions for digital currency-related ETFs are occurring one after one other. Seifert not too long ago highlighted that 33 ETFs filed by 13 totally different issuers are at present awaiting approval from the U.S. Securities and Trade Fee (SEC).

Along with ETFs filed final 12 months that monitor XRP, SOL, Hedera (HBAR), Litecoin (LTC), and a basket of belongings, a fund associated to meme cash has additionally surfaced.

January twenty first, Rex Shears submitted Seven totally different spot ETFs, three of that are tied to the meme cash Official Trump (TRUMP), Dogecoin (DOGE), and Bonk (BONK). Balciunas stated the state of affairs was “surreal.”

Bloomberg ETF Analysts Wave of digital foreign money ETF functions This 12 months, they didn’t embrace spot funds listed to meme cash of their forecasts.

Matthew Siegel, Head of Digital Asset Analysis at VanEck, stated: referred to as As new functions improve, the SEC has referred to as for the ETF approval course of to return to a “first-come, first-served” foundation.

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