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Chicago Mercantile Exchange (CME) has officially launched XRP Futures on May 19, which recorded $ 1.5 million in the total trading volume on its first day, with both standard contracts and microcatio witnessing active participation.
Four standard contracts were exchanged, which reflects 50,000 XRP each, at an average price of $ 2.40, according to statistics from CME. This was equivalent to about $ 480,000 in theoretical size. Other million dollars of 106 small contracts came with each contract linked to 2500 XRP.
Cash contracts are localized and the price of CME CF XRP-Dollar reference is used as a standard, published daily at 3:00 pm UTC. the existing It has become possible yet to approve the American Commodity Futures Trading Committee (CFTC) on the decision to classify XRP as a commodity. CME now offers XRP derivatives under the current regulatory framework.
Through the initial trading session, CME XRP futures outperformed DYDX in the daily virtual size and slightly failed from the external derivative platforms in Bitmex and HTX.
According to Coinglass data, Bitmex recorded $ 19.3 million in XRP Futures trading on that day, while HTX recorded $ 20.9 million.
Organizing XRP futures for cmegroup It is a major institutional teacher for XRP … and very excited to report that Hidden Road has cleared the first commercial block on CME at the opening! https://t.co/njj8ausy5k
Brandinghouse May 19, 2025
On Monday, the CEO of Ripple Brad Garlinghouse The Futures CME described a institutional achievement for XRP. He also emphasized that BRIKE Prime Hidden Road implemented the first business group on the platform.
Spot XRP ETF can come soon
CME’s CME futures launch made of analysts made more optimistic about the approval of the XRP (ETF) exchange in the coming months.
According to Nate Geraci, ETF head, the first appearance of future XRP contracts in CME makes ETF approval more likely, saying social media that it is a “issue of time only”. Erck Balunas, chief of ETF, chief analyst at ETF in Bloomberg, said that eight XRP SOP classification boxes are currently being reviewed by SEC.
In February, analysts estimated 65 % probability that obtaining XRP ETF approval. On the decentralized betting platform PolymarketThere is an 84 % chance that ETF will run a spot in 2025.
Active XRP ETF applications menu
Many major financial companies have submitted requests with second For Spot XRP ETFS, many of them were recognized earlier this year.
BitWise Investment Advisers, founded in 2017, submitted its request on October 2, 2024. It approved the Supreme Education Council on February 18, 2025, according to the S-1 model.
Canary Capital, an investment capital company based in Sydney, presented the XRP ETF suggestion on October 8, 2024, with recognition on February 19.
The XRP ETF application submitted on November 21, 2024. The Securities and Stock Exchange approved the submission on February 19, 2025, according to the 19B-1 model. The value of the company is one billion dollars after collecting $ 25 million from the hedge fund, Marshall SPA.
Wisdomtree submitted an application for XRP ETF on December 2, 2024, and it was recognized on February 19. The company has a long presence in the ETF space, after it launched its first box in 2006.
On January 13, 2025, GrayScale Investments, the asset manager who deals with $ 35 billion, sought to transfer XRP confidence of $ 16.1 million into an exchange trading fund (ETF).
The XRP ETF proposal was presented on January 17, 2025, using the N-1A form by Proshares, a $ 70 billion company in AUM and a reputation for ETF futures.
On January 21, 2025, Rexshares, the company that stands behind Microsectors ETPS, was applied to SEC to insert XRP as ETF. Due to the recent reorganization under the new Rex Financial, the company recorded more than $ 5 billion in AUM by the end of 2024.
The CBOE BZX Stock Exchange submitted the XRP ETF application on February 6, 2025. CBOE treats about 12 % of daily stock trading in the United States.
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