CME XRP Futures Launch Boosts Prospects for Spot XRP ETFs
- CME XRP futures are now live, marking a significant institutional milestone.
- Nate Geraci, president of the ETF Store, predicts US SEC approval of Spot XRP ETFs is inevitable.
- Grayscale court case highlighted similarities between futures and spot markets.
- Polymarket traders estimate an 83% chance of XRP ETF approval this year.
- Ripple CEO Brad Garlinghouse noted the first block trade on CME by Hidden Road.
The launch of CME XRP futures has increased expectations for Spot XRP ETF approval, with experts citing regulatory developments and market predictions indicating a high likelihood this year. However, ongoing legal proceedings involving Ripple may influence the timeline.
Source (2.6)https://coingape.com/expert-claims-spot-xrp-etfs-a-matter-of-time-as-cme-futures-go-live/?rand=24432
