Key Information:
- XRP and Solana (SOL) prices surged by approximately 3% after a report suggesting that the Chicago Mercantile Exchange (CME) is set to introduce futures contracts for both cryptocurrencies.
- A screenshot from a now-deleted webpage indicated the commencement of trading could begin on February 10, contingent upon regulatory approval.
Payments-focused cryptocurrency XRP and the widely-used blockchain Solana saw notable price increases on Wednesday afternoon due to reports of CME adding futures contracts for both currencies.
According to a post on X, it was revealed that CME had published a futures page for XRP and SOL in their ‘staging subdomain.’ A screenshot showed the potential for regulated futures trading scheduled to start on February 10, pending regulatory endorsement. The webpage was unavailable at the time this information was published, and interviews were conducted with CME for comments.
“We’ve seen a slew of ETF filings for SOL and XRP futures ETFs. Typically these would use CME or CBOE futures but we don’t have any yet.” —James Seyffart, Bloomberg Intelligence ETF analyst
XRP and Solana’s prices rose sharply, reported to increase by nearly 3% within moments after the news circulated on social media, as indicated by TradingView data.
UPDATE (Jan. 22, 10:09 UTC): Additional comments from Bloomberg ETF analyst included.
Further Reading: Solana Bull Bets Big on SOL Rallying to $400
