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📈 $XRP futures on the CME platform exploded in July, driven by growing confidence around a potential XRP ETF and rising institutional interest.

🔥 XRP Futures See Record Performance Amid ETF Buzz

In July, the CME Group's XRP futures products smashed previous records, with both trading volumes and open interest climbing sharply. The growth comes as excitement builds over the possible approval of a U.S.-based $XRP
Exchange-Traded Fund (ETF), with speculation fueling significant trading activity.

According to CME’s recent performance update, Micro XRP futures hit an impressive $126 million in volume on July 18, representing 14,612 contracts traded in a single day. These micro contracts are favored by smaller traders and institutional players looking to hedge with limited exposure.

By July 22, open interest in Micro XRP contracts soared to 4,812 contracts, equivalent to $43 million, indicating strong positioning and long-term confidence.

Momentum continued the following days:

July 23: Full-sized XRP futures reached 4,765 contracts and $775 million in notional value.

July 24: Open interest peaked at 4,766 contracts, hitting a record-breaking $788 million.

These figures mark a clear surge in both institutional and retail participation, with the CME highlighting the robustness and regulatory framework behind its XRP fu
tures offerings.
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