The website of the Chicago Mercantile Exchange (CME) suggests that the launch of Futures Contracts for SOL and XRP could be as early as February 10, subject to regulatory review.
According to the website, contracts for both assets will be available in standard and micro sizes, with the standard SOL contract having a lot size of 500 SOL and the micro contract having a lot size of 25 SOL.
The standard XRP Futures Contract will have a lot size of 50,000 XRP, while the micro Futures Contract will have a lot size of 2,500 XRP. All XRP and SOL contracts will be cash-settled in US dollars.
The number of ETF applications and cryptocurrency futures products has surged since the re-election of President Donald Trump in the US and the departure of Gary Gensler as Chairman of the Securities and Exchange Commission.
Financial firms have filed a flurry of cryptocurrency investment applications in anticipation of Gensler's last day as SEC head and a more favorable regulatory environment.
On January 15, asset management firm VanEck filed for an Onchain Economy ETF. The fund will invest in "digital transformation companies" and digital asset instruments but will not hold cryptocurrencies directly.
According to the asset manager, digital transformation companies include software developers, mining companies, cryptocurrency exchanges, infrastructure builders, and payment companies.
Financial services firm and ETF issuer ProShares has filed to launch a Solana Futures ETF on January 17.
ETF analyst James Seyffart said the fund is interesting as there is currently a lack of SOL Futures Contracts on the Chicago Mercantile Exchange.
Asset manager WisdomTree filed for an XRP ETF in December 2024, becoming the fourth firm to file for this ETF.
Other companies that have filed for XRP ETFs include Bitwise, 21Shares, and Canary Capital.
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