XRP Futures Debut on CME With $19M Volume on First Day, Driving ETF Speculation

After years of speculation, XRP has officially entered the regulated derivatives market in the U.S. with the launch of futures contracts on CME Group’s platform. According to the company, the move reflects growing institutional appetite for XRP but also revives discussion around the approval of a long-awaited spot XRP exchange-traded fund (ETF).Institutional Activity Begins with a $19 Million StartCME Group confirmed that its new XRP futures began trading on Sunday, May 18, with the first trade executed as a block cleared by Hidden Road. Day-one trading volume reportedly exceeded $19 million in notional value.The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening! https://t.co/Njj8AUSY5K— Brad Garlinghouse (@bgarlinghouse) May 19, 2025Hidden Road, which cleared the first transaction, sees the launch as part of a broader shift in digital asset infrastructure. The CME XRP futures are cash-settled, based on the CME CF XRP-Dollar Reference Rate, and available in two sizes: 2,500 XRP and 50,000 XRP. The reference rate tracks XRP’s dollar value daily at 4:00 p.m. London time.CME now offers futures on several major cryptocurrencies, including Bitcoin, Ethereum, and Solana. Notably, XRP’s debut volume surpassed that of CME’s Solana contracts, which launched in March and saw $12.3 million in notional volume on their first day. The company announced its debut in April.Read more: XRP News: Ripple Secures First UAE Clients After DFSA License, But XRP Price Declines“As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.Starting May 19, trade regulated, capital-efficient futures on XRP, available in larger- and micro-sized contracts, so you can scale your exposure with greater precision and flexibility. More on XRP futures ➡️ https://t.co/SzDtBmkG7r pic.twitter.com/BDJRzYSvTd— CME Group (@CMEGroup) April 24, 2025However, XRP’s spot market price dropped by 3.45% over the past 24 hours, reflecting broader market volatility rather than sentiment tied specifically to the futures launch.ETF Speculation Gains TractionThe existence of a regulated futures market for XRP could play a key role in the approval process for a spot ETF, a goal several U.S. issuers continue to pursue. The U.S. Securities and Exchange Commission (SEC) has not yet ruled on those applications.Previously, the SEC had cited the existence of regulated futures as a rationale for approving spot Bitcoin and Ethereum ETFs, suggesting that XRP may now meet similar criteria.As CME strengthens its position in crypto derivatives, XRP’s entrance into the regulated U.S. futures space could mark a pivotal step in bridging the gap between digital assets and traditional finance. This article was written by Jared Kirui at www.financemagnates.com.

May 21, 2025 - 03:20

XRP Futures Debut on CME With $19M Volume on First Day, Driving ETF Speculation

After years of speculation, XRP has officially entered the regulated derivatives market in the U.S. with the launch of futures contracts on CME Group’s platform.

According to the company, the move reflects growing institutional appetite for XRP but also revives discussion around the approval of a long-awaited spot XRP exchange-traded fund (ETF).

Institutional Activity Begins with a $19 Million Start

CME Group confirmed that its new XRP futures began trading on Sunday, May 18, with the first trade executed as a block cleared by Hidden Road. Day-one trading volume reportedly exceeded $19 million in notional value.

The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening! https://t.co/Njj8AUSY5K— Brad Garlinghouse (@bgarlinghouse) May 19, 2025

Hidden Road, which cleared the first transaction, sees the launch as part of a broader shift in digital asset infrastructure. The CME XRP futures are cash-settled, based on the CME CF XRP-Dollar Reference Rate, and available in two sizes: 2,500 XRP and 50,000 XRP. The reference rate tracks XRP’s dollar value daily at 4:00 p.m. London time.

CME now offers futures on several major cryptocurrencies, including Bitcoin, Ethereum, and Solana. Notably, XRP’s debut volume surpassed that of CME’s Solana contracts, which launched in March and saw $12.3 million in notional volume on their first day. The company announced its debut in April.

“As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.

Starting May 19, trade regulated, capital-efficient futures on XRP, available in larger- and micro-sized contracts, so you can scale your exposure with greater precision and flexibility. More on XRP futures ➡️ https://t.co/SzDtBmkG7r pic.twitter.com/BDJRzYSvTd— CME Group (@CMEGroup) April 24, 2025

However, XRP’s spot market price dropped by 3.45% over the past 24 hours, reflecting broader market volatility rather than sentiment tied specifically to the futures launch.

ETF Speculation Gains Traction

The existence of a regulated futures market for XRP could play a key role in the approval process for a spot ETF, a goal several U.S. issuers continue to pursue. The U.S. Securities and Exchange Commission (SEC) has not yet ruled on those applications.

Previously, the SEC had cited the existence of regulated futures as a rationale for approving spot Bitcoin and Ethereum ETFs, suggesting that XRP may now meet similar criteria.

As CME strengthens its position in crypto derivatives, XRP’s entrance into the regulated U.S. futures space could mark a pivotal step in bridging the gap between digital assets and traditional finance. This article was written by Jared Kirui at www.financemagnates.com.