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Viewpoint: CME XRP futures trading volume exceeded 19 million USD on the first day of launch, and the approval of the XRP Spot ETF is "just a matter of time."
On May 21, according to Coindesk, the nominal volume of XRP futures contracts on the Chicago Mercantile Exchange (CME) exceeded 19 million USD on its first day of trading, with nominal volume reaching at least 10 million USD on Tuesday. Market participants believe that the launch of these regulated futures contracts is a step towards the potential approval of a Spot XRP Exchange Traded Fund (ETF) in the United States. ETF Store President Nate Geraci stated, "The Spot XRP ETF is just a matter of time."