Bitnomial, a cryptocurrency derivatives marketplace, has revealed the debut of the initial CFTC-regulated XRP Solana Futures ETF Debuts, Value Climbs: We’re Demolishing Obstacles.
Surprisingly, the firm has also dismissed its legal action against the SEC. Bitnomial had earlier taken legal action against the SEC in October, alleging that the agency was trying to overstep its regulatory bounds, contending that its XRP futures were outside the SEC’s legal purview.
This information follows the SEC’s dismissal of its lawsuit against Ripple, signaling the conclusion of a drawn-out legal struggle. Ripple CEO Brad Garlinghouse praised the judgment as a huge win for the business.
The settlement of this legal disagreement, along with the introduction of regulated XRP futures, has greatly enhanced the likelihood of an XRP ETF being authorized, with some estimating the odds at roughly 80%.
Could the Chicago Mercantile Exchange (CME) Group be the subsequent one?
The CME Group inadvertently revealed information about its intentions to launch XRP futures in January. While the derivatives behemoth has since stated that it was an error, the product may still be in development. After mistakenly publishing a futures page for the cryptocurrency on a temporary subdomain, the CME Group proceeded to launch Solana (SOL) futures.
