XRP Futures Hit Record $1 Billion Open Interest, Signaling Institutional Demand

CME Group’s XRP futures contract has achieved record-breaking open interest of $1 billion in just three months since its launch, marking the fastest milestone ever for a CME contract. This signifies surging institutional interest in XRP derivatives, potentially boosting anticipation for XRP spot ETFs pending SEC approvals. 🤔 The rapid market momentum could influence the growth of existing XRP ETF products and attract increased investor confidence in XRP’s future. 📈