CME Group has introduced CFTC-regulated options for XRP and Solana, expanding its crypto derivatives offerings. These new options are physically settled into corresponding futures contracts and are available in both standard and micro sizes. This initiative aims to cater to the increasing institutional demand for regulated crypto exposure beyond Bitcoin and Ether. The launch also includes support for Exchange for Related Positions (EFRP) transactions, facilitating the physical delivery of crypto assets. While analysts acknowledge potential liquidity challenges in the short term, the introduction of these options is expected to enhance transparency and compliance within the crypto derivatives market.