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XRP

The momentum for the XRP ETF Fund is increasing: CME Group hints at the next step

The Chicago Mercantile Exchange (CME), a Wall Street exchange for cryptocurrency futures, is preparing to launch XRP futures on May 19. This is not a rumor; it’s a signal. When the CME moves, it means institutional money is closely watching and getting ready.

It’s not just another derivative product. Futures often lay the groundwork for exchange-traded funds. Analysts at JP Morgan have drawn the same map before, first the Bitcoin futures, then the exchange-traded funds. Ethereum followed. XRP could 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 worth in just three weeks.

The current market capitalization of XRP, which stands at $146.5 billion, could swell by 22% if even 6% of the ETF’s capital flows in. Meanwhile, South Korean traders are already pumping $3.8 billion daily into XRP on Upbit. The buzz is there, as are the ghosts of past legal battles. However, the XRP ETF Fund could be Ripple’s golden ticket, I do not recommend the futures.