The Chicago Mercantile Exchange (CME) stirred excitement in the crypto community earlier on Wednesday after the Chicago-based futures giant posted the futures page for Ripple's XRP and Solana (SOL) to its staging subdomain.
A test page on the Chicago Mercantile Exchange (CME) website that showed Ripple’s XRP futures contracts could start trading in February sparked a brief surge in the token's price on Wednesday.
However, CME later clarified that the beta page was mistakenly made public, and that no official decisions had been made yet.
Despite the setback, XRP futures contracts are still hotly anticipated by investors. Applications for crypto exchange-traded funds (ETFs) and futures products surged following the election of crypto-friendly candidates and the departure of Gensler from the SEC.
Earlier this month, a team of researchers at JP Morgan said that if approved, XRP ETFs could attract an eye-popping $8 billion in fresh cash from investors.
Some crypto strategists have suggested that XRP could hit the $15 mark this year, citing the third-largest crypto’s adoption and bullish chart technicals, institutional demand, and a crypto-friendly Trump regime as the tailwinds.
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