SOL, XRP futures coming? And what about a DOGE ETF?

CME Group’s inadvertent glimpse into possible product plans comes as crypto ETF filings have accelerated in recent weeks

article-image

Pamela Brick/Shutterstock modified by Blockworks

share


This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.


While CME Group doesn’t yet have concrete plans to launch XRP and/or SOL futures contracts, the company is certainly thinking about it.

The derivatives exchange launched bitcoin futures contracts in December 2017. It followed up with ether futures in early 2021. Fast forward to yesterday, when screenshots floated around social media signaling that XRP and SOL futures would come next month.

“A beta page from our website was released in error earlier today,” a CME spokesperson told me Wednesday. “Many mock-ups are included in that test environment, and no decisions have been made regarding XRP or SOL futures contracts.” 

This glimpse the company inadvertently gave into possible product plans comes as crypto ETF filings have accelerated in recent weeks. Among them are proposed spot XRP and SOL funds. 

A number of observers have said spot crypto ETF approvals by the SEC — outside of BTC and ETH — could take a while given the precedent of the regulator wanting to first see a regulated futures market. There’s also the fact that the SEC has named SOL a security and is moving forward with an appeal in its case against Ripple. 

Remember, too, that it was years after bitcoin and ether futures existed that ETFs holding those futures contracts came to market. Those notably preceded spot funds investing in those assets directly.

To that point, VolatilityShares filed for a solana futures ETF in December and ProShares followed that up with a similar filing last week.

Loading Tweet..

Then there are Teucrium planned products that would invest in XRP futures. These filings all appear to be bets that a revamped SEC could be more open-minded to such ETFs. We can only wait to see about that.

As we speak of altcoin-focused funds, perhaps it’s worth a quick mention that the Delaware state website shows Bitwise registered a dogecoin trust.

While a Bitwise spokesperson acknowledged the filing, the rep declined to comment further. This isn’t yet a formal product proposal to the SEC, mind you. But it’s yet another indication that we best, as some would say, “strap in.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy

article-image

A valuation model for “blockchain GDP”

article-image

The mini app combines vibe-coding with a hypercasual game feed and is coming to the new Coinbase Wallet

article-image

An improbable tale of the world’s 40th graphics-chip startup