4 months ago
CME Group is perchance preparing to motorboat futures contracts for Solana (SOL) and XRP, based connected reports and images shared connected societal media connected Jan. 22.
However, CME Group has yet to marque a nationalist connection connected the matter, and neither confirmed nor denied the authenticity of the images arsenic of property time, starring to rampant speculation.
The accusation archetypal surfaced when an X user, identified arsenic Summers, shared a screenshot of an alleged CME leafage utilized for testing. This page, which was down arsenic of property time, is acceptable for a pre-launch on Feb. 10.
Alex Thorn, caput of probe astatine Galaxy Digital, aboriginal shared images revealing that CME would connection futures and micro futures contracts for some assets, each of which would beryllium settled successful cash.
The Solana futures declaration has a size of 500 SOL, portion the micro is 25 SOL. The XRP futures declaration is sized astatine 50,000 XRP, and its micro mentation has a 2,500 XRP size.
Bloomberg ETF expert James Seyffart cautioned that the leafage could beryllium fake. However, helium added that futures contracts for SOL and XRP marque consciousness and are “largely to beryllium expected.”
Seyffart besides noted that if the images and website are fake, it would beryllium a “good fakeout.”
Meanwhile, Bloomberg elder ETF expert Eric Balchunas said helium expects an exchange-traded money (ETF) tracking SOL futures arsenic aboriginal arsenic mid-March. He besides questioned the request for specified a merchandise since a spot SOL ETF is apt coming soon.
Over 30 ETFs
The US marketplace is experiencing a question of crypto-related ETF filings. Seyffart precocious highlighted that 33 ETFs, filed by 13 antithetic issuers, are presently awaiting support by the US Securities and Exchange Commission (SEC),
In summation to ETFs filed past year, tracking XRP, SOL, Hedera (HBAR), Litecoin (LTC), and baskets of assets, funds tied to memecoins besides surfaced.
On Jan. 21, Rex Shares filed for 7 antithetic spot ETFs, 3 of them tied to the memecoins Official Trump (TRUMP), Dogecoin (DOGE), and Bonk (BONK). Balchunas remarked that the concern was “surreal.”
Although Bloomberg ETF analysts expected a wave of crypto ETF filings this year, they did not see memecoin-indexed spot funds successful their predictions.
Matthew Sigel, caput of integer assets probe astatine VanEck, called on the SEC to revert the ETF approvals to the process of “first-come, first-served” amid the emergence successful caller applications.
The station Leaked CME leafage hints astatine XRP, SOL futures launching adjacent month appeared archetypal connected CryptoSlate.
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