XRP Futures Surge: Institutional Interest Fuels Market Changes

CME Group reports that XRP futures have reached $1 billion in open interest within just three months, marking a record milestone. This rapid growth suggests increased institutional engagement with the cryptocurrency and potentially significant demand for spot ETFs. Nate Geraci, an ETF specialist, anticipates substantial inflows into spot XRP ETFs if SEC approval is granted. Experts are expecting this to signal a shift towards regulated markets, impacting decentralized finance protocols in the process.