Institutional Interest in XRP Grows with New ETF Milestone and CME Options Launch
- The REX-Osprey XRP ETF ($XRPR) has surpassed $100 million in assets under management (AUM) as of October 23, indicating strong investor interest.
- CME Group launched options on XRP futures, building on five months of trading with over 567,000 contracts and a notional volume of $26.9 billion.
- XRP’s price increased by approximately 3.47% in the last day, reaching about $2.47, reflecting a weekly gain of around 6.46%.
- Futures volume for XRP rose by over 8.66% to $5.98 billion, while open interest grew by about 5.20% to $3.88 billion.
The launch of the REX-Osprey ETF and CME options highlights growing institutional adoption and diversified exposure to XRP. This trend is supported by Ripple’s recent acquisition activities aimed at enhancing their market presence.
As a result of these developments, XRP continues to attract significant investor interest, evidenced by its rising trading volumes and price gains following the ETF milestone and CME’s new product offerings.
