Could February Bring New ETFs for XRP and Solana?

Could February Bring New ETFs for XRP and Solana?

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With Donald Trump resuming power in the White House, the cryptocurrency industry in the U.S. is experiencing renewed optimism. Many anticipate the rapid approval of several ETF applications by the SEC, particularly concerning XRP and Solana. Some industry players are even predicting a potential announcement as early as February. This article discusses the latest rumors and speculation surrounding these developments.

CME Group Predicts Approval by February

According to recent reports, the CME Group is preparing to launch futures contracts linked to XRP and Solana, with a provisional launch date set for February 10, 2025. However, none of these ETFs have been approved yet. Does this suggest that an official announcement is imminent?

Notably, Donald Trump held closed-door discussions with Ripple this month, raising speculation that a potential agreement may have been reached. Analysts are not surprised by this development and anticipate the introduction of several other ETFs in the near future. Currently, XRP and Solana appear to be the frontrunners for the next wave of approvals.

The forthcoming contract offerings include two tiers: standard contracts with 500 SOL or 50,000 XRP, and micro-contracts of 25 SOL and 2,500 XRP. These contracts cater to a variety of investor needs, offering different entry points for institutional players.

This announcement contributes to the general optimism surrounding the SEC’s stance on cryptocurrency ETFs. Trump’s administration is known for its pro-crypto sentiment, which may streamline the approval process.

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Caution is advised, however, until any formal confirmations are made. There were previous instances of false rumors in 2023 that were directly supported by BlackRock, highlighting the need for skepticism until the CME provides clarity.

Historically, the SEC tends to approve multiple ETF providers simultaneously to prevent disparities among financial firms. Therefore, it seems unusual for the CME to be the sole entity expected to receive approval in February. This could suggest that other ETFs might also debut at the same time.

XRP and Solana ETFs: On the Brink of a New Era?

The launch of ETFs for XRP and Solana could significantly boost the prices of these digital assets, enhancing their accessibility for institutional investors. XRP has been particularly hindered by severe legal actions from the SEC.

The ETF approval could restore investor confidence in XRP. Furthermore, ETFs are increasingly popular, simplifying access to the cryptocurrency market.

Several asset managers are innovating and launching diversified solutions. Recently, Rex-Osprey filed for a Dogecoin ETF. What was deemed impossible a few months ago may now be achievable under Trump’s administration.

The success of XRP and Solana ETFs might encourage asset managers to introduce additional ETFs, expanding their catalog of financial instruments for clients, increasing market liquidity, and enhancing the stability of certain assets.

Concurrently, other projects are innovating, and meme coins are gaining traction by utilizing AI. This includes Mind Of Pepe, a presale that is experiencing notable success in the market.


Disclaimer: Cryptocurrencies are a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could potentially lose all your capital.

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Source: CoinDesk


For Further Reading:

  • Solana Rising Thanks to Trump Family Meme Coins
  • Is XRP Set to Break Its All-Time High with Trump’s Inauguration Approaching?
  • XRP on the Rise: How Far Can It Go?


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