After a leaked page detailed Solana and XRP futures on CME, a spokesperson confirmed that it was an early mock-up and no official plans have been finalized yet. The Chicago Mercantile Exchange, a global leader in derivatives trading, may be gearing up to introduce futures contracts for Solana ( SOL ) and Ripple ( XRP ) as early as Feb. 10, according to a leaked page from their beta website. While the page was quickly removed, it detailed key specifications for the contracts. However, Fox Business journalist Eleanor Terrett reported that a CME spokesperson described the beta website as a draft environment used for mock-ups, which was mistakenly made public. A @CMEGroup spokesperson tells @FoxBusiness that the beta version of the website, which is often used for mock up drafts, was made public in error. No official decisions have yet been made about launching futures contracts for either token. https://t.co/10XfenoIL7 — Eleanor Terrett (@EleanorTerrett) January 23, 2025 “No official decisions have yet been made about launching futures contracts for either token,” the spokesperson clarified. James Seyffart, a Bloomberg ETF analyst, commented on the leak, stating, “Honestly, it makes sense and is largely to be expected if true.” Assuming "beta.cmegroup" is actually a beta/test version of the actual CMEGroup website — looks like CME is expecting to launch SOL & XRP futures on Feb 10. But this isn't available on the actual website yet. Honestly makes sense and largely to be expected if true IMO https://t.co/lfMGd8X9KE — James Seyffart (@JSeyff) January 22, 2025 According to the leaked details, the futures contracts for both Solana and XRP would be available in standard and micro sizes. Solana’s standard contracts would feature a 500 SOL lot size, with micro contracts reduced to 25 SOL. Similarly, XRP’s standard futures contracts would involve 50,000 XRP per lot, with micro contracts sized at 2,500 XRP. All contracts are expected to settle in U.S. dollars, making them convenient for institutional players wary of dealing with direct crypto settlements. The reelection of Donald Trump and the resignation of former SEC Chair Gary Gensler have led to renewed optimism among investors, with firms racing to bring products like Solana and XRP ETFs to market. ProShares, for example, submitted a Solana futures ETF application on Jan. 17, while WisdomTree filed for an XRP ETF in December 2024. Other firms, including Bitwise, 21Shares, and Canary Capital, are also vying to introduce various ETFs. Seyffart noted that the availability of Solana futures on CME could address questions about whether the current Solana futures market—dominated by Coinbase—has the necessary liquidity for such products. “I’m not sure if the Coinbase SOL futures are large and liquid enough,” Seyffart remarked in an earlier tweet. NEW: ProShares just filed for a Solana Futures ETF. VolatilityShares also filed for one of these back in December. Interesting because there arent CME futures yet and i'm not sure if the Coinbase SOL futures are large and liquid enough? pic.twitter.com/7dUPIQw37z — James Seyffart (@JSeyff) January 17, 2025
