Well now, folks, gather ’round and listen to the tale of how the bigwigs at CME and Ripple Labs got all excited about some fancy new XRP futures. You’d think they discovered gold in their backyard, but nope—just another day in the wild, wild web of finance! 🤑
Brad Garlinghouse, the head honcho of Ripple Labs — a gentleman with a name long enough to be a country — strutted around bragging that this XRP futures thing was a “key milestone.” According to him, it’s a “big deal,” like finding a penny in your sofa cushions, but with more zeros. 
He also let it slip that Hidden Road, their newly-acquired brokerage, cleared the first trade faster than a fox in a henhouse — right at the CME opening bell. Now investors can get a taste of XRP’s price without having to talk to their banker, and they get the added fun of “transparency” and “risk management”—which sounds suspiciously like common sense, but hey, what do I know? 🕵️♂️
The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening!
— Brad Garlinghouse (@bgarlinghouse) May 19, 2025
What’s more, these same financial geniuses are now offering exchange-traded funds, or ETFs, so even your grandma’s squirrel can own some XRP futures — just like the ProShares Bitcoin Strategy Fund, which’s got more than $2 billion snuggled up tight. 🎩
And wouldn’t you know it, folks are just itching to jump on the XRP bandwagon. The crowd has sent nine ETF filings from all corners — Franklin Templeton, ProShares, Canary Capital, and Grayscale among ’em. Solana comes in a distant second, but who’s counting?
Meanwhile, a brave new ETF called Teucrium 2x Long Daily XRP has already pulled in over $106 million. On the other hand, the Solana ETF, with the catchy ticker “SOLT,” has less than a third of that—less than $35 million—three months after it started. Guess folks prefer to double down on XRP rather than Solana’s whirring machine. 📉
As for XRP’s price, well, it took a modest tumble to $2.33—down about 12.25%, as if the market needed yet another reason to be grumpy. The decline was about as surprising as finding dirt in a pigsty; it was just the market doing its usual dance, since everyone already saw this coming like a bad rerun. 🎭
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2025-05-19 19:07