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XRP futures contracts launched on CME Group’s platform, surpassing $15.6 million in trading volume on their debut day. The move signals growing institutional interest and could pave the way for a spot XRP ETF in the US.
- CME’s XRP futures debut saw $15.6M in volume, with standard contracts averaging $2.3965 per XRP.
- The CFTC’s classification of XRP as a commodity supported CME’s decision to list the futures.
- Analysts link regulated XRP futures to higher odds of a spot ETF approval, currently estimated at 65%.
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