#XRPETF

The futures of XRP from CME Group will be cash-settled and based on the CME CF XRP reference rate, which tracks the asset price daily until 16:00 London time.

After the launch date was announced, Brad Garlinghouse, CEO of Ripple Labs, stated through his social media: “Although it is coming late in several ways, this is an incredibly important and exciting step in the continued growth of the XRP market.”

In this way, XRP joins the portfolio of instruments linked to digital assets offered by CME Group, which already includes derivatives such as contracts on bitcoin (BTC), ether (ETH), the native currency of Ethereum.

Additionally, futures contracts for solana (SOL) were recently launched.