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XRP Exchange-Traded Fund

The XRP ETF is gaining momentum: the CME Group indicates the next step

The Chicago Mercantile Exchange (CME), a Wall Street exchange for cryptocurrency futures, is preparing to launch futures contracts on XRP on May 19. This is not a rumor; it's a signal. When the CME moves, it means institutional funds are closely monitoring and preparing.

This is not just another derivative product. Futures contracts often lay the groundwork for exchange-traded index funds. Analysts at JP Morgan have already mapped this out, first with bitcoin futures, then with 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 reached nearly $2.50, its highest level since January 2018, as whales accumulated $1.66 billion in just three weeks.

The current market capitalization of XRP, which stands at $146.5 billion, could increase by 22% if up to 6% of the capital of an exchange-traded index fund flowed in. Meanwhile, South Korean traders are already injecting $3.8 billion per day into XRP on Upbit. The buzz is there, just like the ghosts of past legal battles. However, the XRP ETF could be Ripple's golden ticket; I do not recommend the contracts.