XRP and SOL are expected to get futures contracts on CME
Earlier this Wednesdy, CME added XRP and SOL futures page to its staging subdomain. Eric Balchunas, Bloomberg's senior ETF analyst, has confirmed that CME is indeed launching regulated futures for the aforementioned tokens. "One step closer to SEC approval for XRP and SOL ETFs," Jake Chervinsky, CLO at Variant, said on social media.
Various issuers have already filed applications for spot Ethereum and XRP ETFs. The latest development will probably prompt various issuers to file for futures-based ETFs that will track these tokens. Polymarket bettors now see a 65% chance of a spot XRP ETF being approved by July 31. A spot Solana ETF has slightly lower odds of being greenight by the SEC by the aforementioned date .
XRP and Solana are up 1.6% and 5.8%, respectively, over the past 24 hours, according to CoinGecko data. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Defends Its Crown as XLM Loses MomentumXRP crushes XLM's comeback dreams, but is this end for XRP vs. XLM?
Read more »
XRP Chart Pattern Warns of Incoming XRP Price SwingsXRP holding up in green despite ongoing market selling
Read more »
XRP Bulls Dominate With One Billion XRP Bullish VolumeXRP clearly dominating on market thanks to strong bullish sentiment
Read more »
XRP, SOL Price News: Ripple Token Pares Gains as Donald Trump Memecoin Boosts SolanaTrader demand for Solana’s SOL rose as Donald Trump’s so-termed official token was issued on the network.
Read more »
US Congressman Discloses XRP, SOL, and BTC HoldingsRep. Guy Reschenthaler (R-Pa) now holds XRP and other cryptocurrencies
Read more »
Solana Price Forecast: Are US traders dumping Bitcoin and XRP for SOL?Solana (SOL) price stabilized near the $250 support level on Monday, having declined 10% from its all-time high over the last 24 hours.
Read more »