CME Says XRP, SOL ETF Leak an Error, Bitwise Files Dogecoin ETF

By José Oramas January 24, 2025 In Bitwise, Dogecoin, ETFs, SEC, Solana, XRP

Source:AdobeStock

A leaked beta page on the Chicago Mercantile Exchange (CME) website for regulated XRP and Solana (SOL) futures turned out to be an error.
The broader US regulatory landscape is shifting, with SEC commissioner Hester Peirce’s crypto task force and 33 pending crypto ETFs under review, signaling potential future clarity for crypto markets.

A leaked beta page on the Chicago Mercantile Exchange (CME) website suggested regulated XRP and Solana (SOL) futures could begin trading on February 10, pending regulatory approval. However, a CME representative later confirmed that the listing was an error.

A screenshot of the beta page was shared on X (formerly Twitter), fueling speculation that the exchange was preparing to launch these futures. Both tokens briefly surged by up to 3% following the rumors before retreating slightly.

Website Released in Error: CME

CME officials confirmed to Fox News that no official decision had been made regarding the launch of XRP and SOL futures, emphasising that such products would require approval from the Commodities and Futures Trading Commission (CFTC).

A company spokesperson said:

A beta page from our website was released in error earlier today. No decisions have been made regarding XRP or SOL futures contracts.

CME spokesperson

CME offers Bitcoin (BTC) and Ether (ETH) futures contracts, including micro versions, which have been available since 2021 following extensive negotiations with regulators. Adding XRP and SOL futures would represent a notable expansion of CME’s portfolio, yet it would be impossible without regulatory approval first.

Despite the news being an error, it surely reflected the market sentiment over new crypto products as the regulatory landscape seems to be changing in the United States under the Trump administration.

To give an idea, there are currently 33 crypto ETFs awaiting review by the Securities and Exchange Commission (SEC), more than double the number during Gary Gensler’s tenure as SEC Chair.

As CNA reported, SEC commissioner Hester Peirce is in charge of leading a new crypto task force for the regulatory agency, appointed by acting SEC Chairman Mark Uyeda. The new unit will oversee and establish a new legal and regulatory framework for crypto assets, potentially ending all the years of confusion under Gensler’s ruling.

Bitwise Filing Reveals ETF Plans

Meanwhile, asset manager Bitwise has registered a legal entity for a potential Dogecoin (DOGE) filing, according to analyst James Seyffart. The entity was named “BITWISE DOGECOIN ETF”, so the company’s intentions should be more than obvious despite not filing as such for an ETF.

Despite the news, the Dogecoin price is… not good. It’s down 3% from yesterday and 7% in the last seven days, currently at US$0.35 (AU$0.56).