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XRP, Solana Prices Rise After Report of Leaked CME Futures Addition

cryptovert January 23, 2025 1 min read

Payments-focused cryptocurrency XRP and world’s most-used blockchain Solana (SOL) prices spiked on Wednesday afternoon, after report that the Chicago Mercantile Exchange (CME) is adding futures contracts of both.

According to a post on X, CME have posted the futures page for XRP and SOL in their “staging subdomain.”

A screenshot of the website shows that the regulated futures could start trading on Feb. 10 pending regulatory approval. The website was not accessible at the time of publication. CoinDesk reached out to CME for comments.

“We’ve seen a slew of ETF filings for SOL and XRP futures ETFs. Typically these would use CME or CBOE futures but we don’t have any yet,” Bloomberg Intelligence ETF analyst James Seyffart told CoinDesk. “I would expect CME to list those futures in the next month assuming those issuers know something we don’t.”

XRP and SOL jumped as much as 3% in the minutes after the post started circulating on social media, TradingView data showed.

UPDATE (Jan. 22, 10:09 UTC): Adds comments from Bloomberg ETF analyst.

Read More: Solana Bull Bets Big on SOL Rallying to $400

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