CME Group Launches XRP Futures ETF – What Lies Ahead for XRP?

According to legal specialists like Bill Morgan, the filing for an XRP futures ETF could greatly increase institutional interest in XRP. Although the launch by CME brings hope for the SEC to approve spot XRP ETFs, the ongoing Ripple-SEC legal battle poses a challenge. Meanwhile, blockchain company Ripple is making news as it strives for greater acceptance of XRP. Although the recent disappointment in the SEC lawsuit, the company has maintained its course with encouraging progress. CME Group has made a major announcement regarding the introduction of an XRP futures ETF, representing an important advancement for the community. This initiative laid the groundwork for the prospective approval of a spot XRP ETF in the future. According to the timeline, the Chicago Mercantile Exchange (CME) Group, which is the foremost derivatives market, will launch XRP futures and Micro XRP futures on May 19, as mentioned in earlier reports. The recently introduced options will feature two contract sizes: a micro contract for 2,500 tokens and a larger one for 50,000 tokens, both associated with the CME CF XRP-Dollar Reference Rate. In light of this, attorney Bill Morgan addressed how these “cash-settled futures contracts” could enhance institutional interest in XRP. Morgan discussed the significance of this achievement for the XRP community in a post on X. These are contracts for future delivery. Are you aware of the implications this has for the demand for XRP?