Market Trends - Crypto derivatives funding rates drop to 3-year lows, indicating a potential shift in market sentiment [1] - Zcash experiences significant growth with 520% monthly gains, showcasing strong investor interest [1] - XRP rebounds 66%, regaining $75 billion in market cap, reflecting positive market sentiment [1] New Products and Services - CME Group launches Solana and XRP futures options, expanding investment opportunities in the crypto market [1] - Citi plans 2026 launch for crypto custody service, signaling increased institutional involvement in the crypto space [1]

Group 1 - XRP is gaining attention from traditional finance as new products are introduced in the securities and derivatives markets, providing more access points for exposure to the token [1] - On September 18, REX Shares and Osprey Funds will launch the first U.S.-listed ETFs linked to XRP and Dogecoin on the Cboe BZX Exchange, under the tickers XRPR and DOJE [2] - The newly launched funds are not "pure" spot products; they hold XRP and DOGE directly while also investing in other spot ETFs from outside the U.S. to gain exposure [3] Group 2 - The structure of these ETFs reflects the challenges of creating regulated crypto ETFs in the U.S., where sponsors often include indirect exposure [4] - CME Group plans to expand its crypto derivatives offerings by listing options on XRP and Solana futures, pending regulatory review, targeted for October 13 [4] - The options will be available on both standard and micro contracts, catering to institutions and active traders, with various expiry choices [5] Group 3 - Since March, Solana futures have seen over 540,000 contracts traded, amounting to approximately $22.3 billion notional, while XRP futures have recorded over 370,000 contracts, roughly $16.2 billion notional [6] - Market participants have expressed the need for hedging tools beyond Bitcoin and Ether, welcoming the introduction of XRP and Solana options [6] - CME Group operates the largest regulated derivatives marketplace globally, allowing participants to hedge positions with central clearing and margining [7]

New Product Launch - CME Group plans to launch options on Solana (SOL) and XRP futures on October 13, 2025, pending regulatory review [1] - The new contracts will cover standard and micro-options [1] - The contracts will support daily, monthly, and quarterly expiration dates [1]