New Expansion for XRP: Spot ETF Fund in Brazil and CME Futures Contracts
XRP has undergone a significant transformation with the launch of Hashdex's XRPH11 spot fund, which allocates 95% of its assets for direct exposure to XRP and follows an international reference price index, opening the door for legal investors in Brazil to trade the currency easily and transparently. In a parallel move, the CME market has introduced XRP futures contracts, providing major institutions with precise hedging tools and advanced trading strategies.
This integration of spot fund products and futures contracts enhances the liquidity depth of XRP and contributes to reducing price gaps, with expectations that it will attract more professional capital. In light of these developments, traders can now diversify their strategies more broadly; do you think XRP will compete with market leaders soon?