XRP Exchange-Traded Funds
The XRP ETF Momentum is Growing: CME Group Points to Next Step
The Chicago Mercantile Exchange (CME), a Wall Street exchange for cryptocurrency futures, is preparing to launch XRP futures contracts on May 19. This is not a rumor; it's a signal. When the CME moves, it means institutional money is closely watching and preparing.
It's not just another derivative product. Futures often lay the groundwork for exchange-traded funds. Analysts from JP Morgan have drawn the same map before, first with Bitcoin futures, then exchange-traded funds. Ethereum followed. XRP may be next.
With Ripple gaining legal clarity in the United States, the timing couldn't be more strategic. The numbers are compelling. XRP has risen to nearly $2.50, its highest level since January 2018, as whales accumulated $1.66 billion in just three weeks.
The current market cap of XRP at $146.5 billion could inflate by 22% if even 6% of ETF capital flows in. Meanwhile, South Korean traders are already pumping $3.8 billion daily into XRP on Upbit. The buzz is there, along with the ghosts of past legal battles. However, the XRP ETF may be the golden ticket for Ripple. I do not recommend the contracts.
