CME Group to Launch XRP and Solana Futures ETFs in February 2024
Highlights:
- CME Group plans to introduce Solana and XRP Futures ETF products.
- A dedicated webpage has been created to detail these offerings.
- Launch is set for early February 2024, pending regulatory approval.
American financial services giant CME Group is gearing up to introduce XRP and Solana Futures Exchange Traded Funds (ETFs) in the United States. Reports indicate that CME has unveiled a dedicated webpage for these products, outlining their contract specifications.
Details on the XRP and Solana Futures ETFs
According to the product page, CME Group intends to launch these futures ETFs on February 10, contingent upon regulatory approval. The offerings include four distinct products:
- SOL Futures – Ticker: “SOL,” with a contract size of 500 SOL.
- Micro SOL Futures – Ticker: “MSL,” featuring a smaller contract size of 25 SOL.
- XRP Futures – Ticker: “XRP,” with a contract size of 50,000 XRP.
- Micro XRP Futures – Ticker: “MXP,” offering a reduced contract size of 2,500 XRP.
The announcement comes amid optimistic expectations that the U.S. SEC will approve Solana and XRP ETFs this year.
