CME Futures Spark Institutional Interest in XRP: Paving the Way for Spot ETF Approval

The Chicago Mercantile Exchange (CME) is set to launch XRP futures contracts, marking a significant milestone for Ripple’s XRP cryptocurrency. This move promises to attract institutional investors and boost optimism surrounding the potential for a spot XRP-based exchange traded fund (ETF). Bloomberg analysts predict an 85% approval likelihood for an ETF, with Polymarket investors even more optimistic, expecting an 83% chance of approval. If this momentum continues, SEC approval in June could dramatically shift the XRP market.