Investing & Markets

XRP Futures Surge on CME: Spot ETF Demand Expected to Explode

XRP Futures Surge on CME: Spot ETF Demand Expected to Explode

The demand for XRP on the CME derivatives exchange continues its impressive ascent, signaling a strong bullish sentiment for the altcoin. This surge comes at a pivotal moment, preceding the potential approval of spot XRP Exchange Traded Funds (ETFs), which analysts believe could unleash a wave of institutional investment into the asset. CME XRP Futures Set New Records The CME Group recently announced a significant milestone for its XRP futures, marking four months of remarkable performance. The exchange reported a staggering notional trading volume of $18.3 billion, with 6 billion XRP changing hands across 397,000 traded contracts. These figures not only underscore the growing interest in XRP but also highlight its increasing adoption within sophisticated financial markets. The CME had previously acknowledged that its XRP futures products have attracted robust demand from both institutional and retail participants, indicating a broad-based market enthusiasm. A notable achievement last mo…

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