CME’s XRP Futures Drive Speculation for Spot ETFs

The success of XRP futures traded on the Chicago Mercantile Exchange (CME) has sparked renewed interest in potential spot XRP exchange-traded funds (ETFs). Cryptocurrency analyst Levi Rietveld highlighted the strong performance of these contracts, noting their ability to attract almost $30 million in investments since their launch. He points out that this growth may influence the U.S. Securities and Exchange Commission’s (SEC) decision regarding spot XRP ETFs. 10+ applications for such ETFs are pending.