CME Group to Launch Options on Solana and XRP Futures

Core Insights - CME Group plans to launch options on Solana (SOL) and XRP futures on October 13, 2025, pending regulatory review [1] - The new options will allow trading on SOL, Micro SOL, XRP, and Micro XRP futures with expiries available daily, monthly, and quarterly [1] Group 1: Product Launch and Market Demand - The launch of options contracts is a response to significant growth and increasing liquidity in Solana and XRP futures [2] - These contracts will cater to a wide range of market participants, from institutions to sophisticated individual traders, providing additional choice and flexibility [2] - The demand for institutional hedging tools for Solana and XRP has increased due to the rise of digital asset treasuries [2] Group 2: Trading Highlights - Since their launch, over 540,000 Solana futures contracts have traded, amounting to $22.3 billion in notional value [5] - In August 2025, Solana futures recorded an average daily volume (ADV) of 9,000 contracts ($437.4 million) and an average daily open interest (ADOI) of 12,500 contracts ($895 million) [5] - More than 370,000 XRP futures contracts have traded since launch, totaling $16.2 billion in notional value [5] - XRP futures achieved a record ADV of 6,600 contracts ($385 million) and a record ADOI of 9,300 contracts ($942 million) in August 2025 [5]