Solana and XRP Futures to Launch on Chicago Exchange (CME)
The Chicago Mercantile Exchange (CME) is reportedly preparing to launch futures contract Solana and Ripple. The expected release date is February 10, subject to regulatory approvals.
The CME website briefly displayed details of the new product before deleting the page.
Solana and XRP futures trading for retail investors
The ad is futures contract Published on the beta version of the CEM website. While some users claimed it was fake, analysts stressed it was likely fake.
“It looks like CME is expected to launch Sol XRP futures on February 10th. But this is not yet available on the actual website. Honestly, it makes sense and, in my opinion, is largely to be expected if true. ” Wrote ETF analyst James Seyffart.
According to the leaked ad, Solana and XRP Futures Contracts Will be available in standard and micro sizes.
The standard SOL contract has a lot size of 500 SOL, while the Micro contract has a lot size of 25 SOL.
Likewise, the XRP standard futures contract has a lot size of 50,000 XRP and the micro contract has a lot size of 2,500 XRP. All contracts are settled in US dollars.
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Regulatory changes lead to surge in cryptocurrency ETFs
President Donald Trump’s re-election and Gary Gensler resigns from SEC Stimulating a wave of new applications for cryptocurrency-related financial products. Businesses are looking forward to a more favorable regulatory environment.
Yesterday, the U.S. Securities and Exchange Commission, under the leadership of Acting Chairman Mark Uyeda, Cryptocurrency working group established. The move is reportedly aimed at bringing greater regulatory clarity to the industry.
“In the short time before Atkins takes over, Mark Uyeda is expected to loosen the strict enforcement oversight that Gensler oversaw. The SEC’s current makeup shows three commissioners, including Hester Peirce, Caroline Crenshaw and Uyeda. Uyeda and Peirce both support cryptocurrencies, which means any aggressive regulation that might impact the industry could easily pass,” WeFi head of growth Agne Linge told BeInCrypto.
As of now, there are four asset management companies Apply for XRP ETFwhich includes WisdomTree Bitwise, 21Shares and Canary Capital.
More altcoin ETF applications are expected in the near future, with Litecoin considered a potential frontrunner.
Meanwhile, Nasdaq has filed Form 19b-4 to list Canary Capital’s Proposed Litecoin ETF. This is consistent with Canary’s recent S-1 amendment and SEC feedback.
Analysts predict that Litecoin could become the first altcoin to receive ETF approval after Ethereum, making Canary Capital an early leader in the space.
although XRP ETF is generating huge interestthe approval timeline may be extended due to ongoing legal proceedings between the parties Ripple and the SEC.
Industry insiders expect the lawsuit to end under new SEC leadership, with Paul Atkins likely to take over as permanent chairman. If resolved, the decision could expedite the approval process Ripple ETF.
Overall, the potential launch of SOL and XRP futures contracts and the surge in ETF applications reflect growing institutional interest in crypto assets.
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