XRP, Solana surge amid reports of CME futures contracts

XRP, Solana surge amid reports of CME futures contracts


XRP and Solana prices rose as the market reacted to reports the CME planned XRP and SOL futures contracts.
Both altcoins traded to above key levels, with XRP above $3.26 and SOL above $269.

The prices of XRP and Solana rose slightly on Wednesday following news that institution-focused trading platform Chicago Mercantile Exchange will be listing XRP and SOL futures contracts.

XRP had jumped 3% to above $3.26 and Solana’s SOL surged by more than 6% to hit highs of $2.70 as at the time of writing. The altcoins were likely trading higher as investors reacted to news that the CME would be adding both XRP futures and SOL futures contracts on February 10, 2025.

Notably, the official CME website had not published the details of the said futures contracts. Bloomberg ETF analyst James Seyffart shared this via X.

Tokenmetrics

https://twitter.com/JSeyff/status/1882154205202567623

Bloomberg senior ETF analyst Eric Balchunas also shared a post on X noting CME’s plans to launch he futures products. 

According to the analyst, the platform’s futures products await regulatory approval. Meanwhile, the move could see a Solana futures exchange-traded fund hit the market “as early as mid-March.”

However, with spot ETFs for the asset likely coming soon amid the shift in regulatory approach under new SEC leadership, it’s a matter of waiting to see how demand plays out down the road.

 





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You have not selected any currency to display

Pin It on Pinterest

Ico-Investor
Bybit
Ico-Investor
XRP, Solana surge amid reports of CME futures contracts
Tokenmetrics
BTCC
Arbitrum leads with $1.9 billion inflows, outpaces Avalanche and Unichain in DeFi liquidity race
Solana sets new all-time high as TRUMP-fuelled rally spurred price growth
XRP price rises 15% to $2.24, but whale sell-off raises downside risks
FTT rockets 43% on false report that Trump has pardoned Sam Bankman-Fried
Bitcoin Drop Gives Way to XLM, LTC, ETC, BNB Altseason
Dogecoin breaks seven-month downtrend with 12.48 % price spike
Blockonomics
Changelly
Ethereum price rises towards $3,900 as it mirrors a historic stock market rally
JPMorgan Exploring Loans Backed by Bitcoin, Ethereum: FT
DeFi Development Nears 1 Million Solana In Treasury
Arbitrum leads with $1.9 billion inflows, outpaces Avalanche and Unichain in DeFi liquidity race
Bit Origin Buys 40 Million Dogecoin As Part of Crypto Pivot
Ethereum price rises towards $3,900 as it mirrors a historic stock market rally
JPMorgan Exploring Loans Backed by Bitcoin, Ethereum: FT
DeFi Development Nears 1 Million Solana In Treasury
Arbitrum leads with $1.9 billion inflows, outpaces Avalanche and Unichain in DeFi liquidity race