CME staging website suggests XRP, Solana futures will go live on CME on Feb. 10 pending regulatory approval

Futures trading for XRP and Solana (SOL) will go live on the Chicago Mercantile Exchange on Feb. 10, pending regulatory approval, according to a staging subdomain of the CME Group's main website.

"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 [in my opinion]," said Bloomberg ETF analyst James Seyffart.

"Trade regulated, capital-efficient futures on two leading cryptocurrencies with new SOL and XRP futures, launching February 10," the CME Group's website staging subdomain read Wednesday afternoon. "Available in both standard and micro-sized contracts, these contracts allow you to scale your exposure and manage risk with greater precision and flexibility."

These monthly, financially-settled futures will be available in two contract sizes so traders can scale exposure with greater precision and flexibility, the site said. The new futures contracts will have BTIC and block functionality available at launch.

Last year, Standard Chartered’s Geoffrey Kendrick told The Block that SOL and XRP ETFs might secure approval in 2025. This week, JPMorgan analysts projected that, if approved, these ETFs could attract up to $13.6 billion in new investments within six to 12 months.

The Block reached out to CME Group for comment.

"We see a Solana futures ETF on market as early as mid-March. But.. knowing spot coming soon how much demand would there be. I guess we’ll find out," Bloomberg ETF analyst Eric Balchunas said in a post on X.

Defining if Solana will be classified as a commodity or security will play a major role in the ETF approval process, The Block previously reported.

The price of XRP and SOL spiked Wednesday afternoon following the news. XRP was up about 1.3% to $3.24 while SOL was up 5.3% to $266.49, according to The Block's price data.