tl;dr
CME Group may be launching futures contracts for Solana (SOL) and XRP next month, based on leaked images. The authenticity of the images has not been confirmed by CME Group. The futures contracts are expected to be settled in cash, with sizes of 500 SOL and 50,000 XRP for the regular contracts, and ...
CME Group may be launching futures contracts for Solana (SOL) and XRP next month, settled in cash with sizes of 500 SOL and 50,000 XRP for regular contracts, and 25 SOL and 2,500 XRP for micro contracts. There are also expectations for an ETF tracking SOL futures and a surge in crypto-related ETF filings in the US market.
These filings include spot ETFs tied to meme coins such as Trump (TRUMP), Dogecoin (DOGE), and Bonk (BONK). This has led to calls for the SEC to reconsider ETF approvals and handle new applications on a "first-come, first-served" basis.
CME Group is potentially preparing to launch futures contracts for Solana (SOL) and XRP, based on reports and images shared on social media on Jan. 22. However, CME Group has yet to make a public statement on the matter, leading to rampant speculation.
The information first surfaced when an X user shared a screenshot of an alleged CME page used for testing, set for a pre-launch on Feb. 10. Images revealed that CME would offer futures and micro futures contracts for both assets, all settled in cash. Bloomberg ETF analyst James Seyffart cautioned that the page could be fake, with Bloomberg senior ETF analyst Eric Balchunas expecting an ETF tracking SOL futures as early as mid-March.
The US market is experiencing a wave of crypto-related ETF filings, including memecoin-indexed spot funds. Matthew Sigel, head of digital assets research at VanEck, called on the SEC to revert ETF approvals to the process of "first-come, first-served" amid the rise in new applications.