XRP Sees Surging Open Interest and ETF Speculation
$XRP futures open interest has dramatically surged to 800 million XRP, marking a significant 33% increase. This latest rise brings open interest to its highest level since January, mirroring XRP's previous all-time high near $5 billion in open interest value. These figures underscore a growing bullish sentiment and increased activity in the XRP derivatives market.
Adding to the market excitement, the appearance of the ProShares XRP ETF on the DTCC (Depository Trust & Clearing Corporation) platform is fueling speculation about potential trading approval. While this listing doesn't guarantee immediate approval, it is often a precursor to an ETF launch, suggesting that a regulated XRP exchange-traded product could be on the horizon. This development, combined with the surging open interest, points to heightened anticipation among investors for XRP's future trajectory.
