CME Exchange Sees Record $9.02B XRP Futures Volume as ETF Hype Intensifies

CME Group's XRP futures market has shattered all previous records, posting $9.02 billion in turnover as institutional interest reaches unprecedented levels. Open interest hit a remarkable 6,000 contracts, representing $7.5 billion in notional value—a strong indicator of growing conviction among professional traders.

This derivatives surge coincides with escalating ETF speculation. Polymarket traders are now pricing in a 78% probability of Ripple ETF approval by 2025, with $144,000 already wagered on the outcome. Options volume jumped 32%, reflecting overwhelmingly bullish positioning.

Over 251,000 XRP contracts traded hands in Q3 alone, cementing CME's product as the preferred hedging instrument in regulated markets. The activity surge follows accumulating bets on XRP's regulatory clarity and potential spot ETF launches.