The launch of XRP futures on the Chicago Mercantile Exchange marks an important event for institutional investors in digital assets. This could influence the gradual acceptance of XRP at the regulatory level.
Initial Results of XRP Futures
CME introduced XRP futures that achieved trading volumes exceeding **$19,000,000** on the first day and **$10,000,000** the following day. This highlights growing interest in XRP in regulated markets. Ripple CEO Brad Garlinghouse remarked that 'the launch of regulated XRP futures on CME Group marks a key institutional milestone for XRP.'
Institutional Potential of XRP
Data about XRP show that its path to institutional markets parallels that of Bitcoin and Ethereum. This underscores the potential for future approval of an XRP ETF. With positive sentiment among traders, ETF Store President Nate Geraci noted that 'a spot XRP ETF is only a matter of time.'
Future of XRP in Financial Markets
According to CoinMarketCap, XRP is priced at **$2.35** with a market capitalization of **$137,701,931,900**. It holds a **4.09%** market dominance, reflecting changes over the past **90 days**, which decreased by **12.70%**. The circulating supply of XRP is **58,622,147,738** out of a maximum of **100 billion**.
The launch of XRP futures on CME could be a significant step forward for institutional investments in XRP and improving its regulatory status, which in turn may lead to ETF approval.
