XRP futures launched on the CME, marking a key institutional milestone and potentially increasing the odds of XRP ETF approval.
Ripple CEO Brad Garlinghouse confirmed the first trades on the Hidden Road platform, indicating strong institutional participation.
Despite no immediate price increase, XRP futures provide long-term liquidity and institutional exposure, improving ETF prospects.
XRP futures are now available on the CME, marking a new era for the asset's liquidity. This significant seal of approval from TradFi may increase the chances of the XRP ETF getting the green light.
ETF analysts generally believe that an XRP ETF is now guaranteed since this trading has begun. The price of XRP has not reacted much to this development, but the news was well communicated and may have already been priced in.
After several months of anticipation, the CME Group is finally offering XRP and Micro XRP futures contracts. The CME first announced it would list these offerings at the end of April, and they have come into effect just in time.
Since these markets have just opened, there is still no publicly available trading data on XRP futures. Nonetheless, the launch came with great enthusiasm, and XRP enthusiasts have several things to look forward to. The arrival of futures trading on the CME brings some key advantages for XRP.
The odds of success remain above 80% on Polymarket, but today's developments have not increased them. Despite this, many things are still uncertain about the future of XRP. Since a judge denied a settlement in the SEC lawsuit against Ripple last week, there is growing debate within the community.
Is XRP a security or a commodity? Although it is generally treated as a commodity, a reclassification could seriously complicate ETF proceedings. For now, XRP futures are active on the CME, and this is a significant milestone.
To be fair, the price of XRP hasn't increased much yet, but this date was announced well in advance. In any case, this development focuses on long-term growth, introducing new liquidity and institutional exposure, and laying more groundwork for the eventual recognition of the ETF.
