CME Exchange Sees $30M+ XRP Futures Volume in First Days, Fueling ETF Speculation
XRP futures launched on the Chicago Mercantile Exchange (CME) have surpassed $30 million in trading volume within days, demonstrating robust institutional demand. The cash-settled contracts—available in standard (50,000 XRP) and micro (2,500 XRP) sizes—use the CME CF XRP-Dollar Reference Rate calculated daily at 15:00 UTC.
Hidden Road initiated the first block trade on May 18, followed by over $19 million in volume on Monday and an additional $10 million on Tuesday. This rapid adoption has sparked renewed discussions about a potential spot XRP ETF in the U.S. market.