With a powerful entrance, the introduction of XRP futures on the Chicago Mercantile Exchange (CME) has generated significant attention, and it’s been trading approximately $30 million since its launch this week, fueling discussions about the possibility of a U.S.-based XRP exchange-traded fund (ETF).
The Commodity Exchange (CME) has introduced new XRP futures agreements. These contracts are offered in two sizes: standard units of 50,000 XRP and smaller versions of 2,500 XRP. These contracts are settled in cash and their value is aligned with the CME CF XRP-Dollar Reference Rate. This rate, calculated daily at 15:00 UTC, forms the basis for the settlement process.
On Monday, the total value of contracts reached approximately $19 million. The initial trade, a substantial order, was processed by the digital asset prime broker, Hidden Road, on May 18th. By Tuesday, trading continued at a similar pace with an extra $10 million worth of transactions.
On its first day, the standard XRP futures market traded approximately 7.5 million XRP. This figure dropped slightly to around 2.95 million XRP the following day. Meanwhile, the micro contracts started with 517,000 XRP on Monday and surged past the 1.2 million mark by Tuesday, nearly doubling in volume.
As a crypto investor, I see the introduction of regulated XRP futures on a prominent exchange like the CME as more than just an increase in trading opportunities. It’s widely perceived as a potentially crucial milestone towards the launch of a spot XRP Exchange-Traded Fund (ETF) – a development that many of us have eagerly awaited for some time.
The live trading of XRP futures, under the supervision of the Commodity Futures Trading Commission (CFTC), is now available…
Regulated XRP contracts are currently in operation.
Spot XRP Exchange-Traded Funds (ETFs) may not be far off.
— Nate Geraci (@NateGeraci) May 19, 2025
Nate Geraci, President of the ETF Store, stated on Monday that it’s just a matter of time before we see Exchange-Traded Funds focused on XRP,” he wrote on his platform.
As a crypto enthusiast, I’m excited to see renewed discussions about an XRP Exchange-Traded Fund (ETF). This time, the buzz seems stronger than ever, indicating a growing interest from institutional investors.
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2025-05-21 13:54