Ripple’s ever-enthusiastic CEO, Mr. Garlinghouse, has bestowed upon CME Group’s XRP futures debut the grand accolade of being “incredibly important”—because what’s life without a little hyperbole and excitement, darling? 🎉
He cheerily dubs this “an exciting step” towards the glamorous ascent of the XRP market. One might almost imagine XRP itself applauding from the sidelines, top hat and monocle firmly in place.
According to the ever-watchful scribes at U.Today, CME Group has decided to unveil this theatrical production on May 19. Though not the first to dance with regulated XRP futures, they are undoubtedly the largest, and size, as in all things, commands attention – or at least a handful of gasps.
Analytics virtuosos at CoinGlas have generously shared that CME controls the lion’s share of Bitcoin futures open interest: a staggering $13.14 billion out of $65 billion. That’s a polite elbow to crypto natives Binance and OKX, who might be mumbling about their RSVP being lost in the mail.
One must not forget the auspicious timing of CME’s prior Bitcoin futures launch in January 2018, coinciding, rather inconveniently, with a bear market so devastating it could have been penned by Shakespeare himself. Alas, timing is everything—or so they claim.
In a sequel worthy of a soap opera, CME introduced Ethereum (ETH) futures in February 2021, now boasting a modest $1.32 billion in open interest. A tale of fortunes and digital dreams, indeed.
The SEC, that inscrutable arbiter of finance’s court, finally nodded its regal assent to spot Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024, much to the relief of sleepless investors everywhere.
The absence of regulated XRP futures had long been the uninvited guest at the party, obstructing spot XRP ETF approval like a scandalous secret. With that morsel out of the way, whispers abound that the 2025 SEC administration might just roll out the red carpet for XRP’s ETF debut.
And if you’re curious, dear reader, U.Today informs us that XRP and Solana are currently locked in a mad dash for the most ETF filings in the U.S.—a race as thrilling as the last piece of cake at a Victorian tea party. 🍰
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2025-04-24 20:20