XRP, the cryptocurrency, has attracted investors' attention with significant achievements in the derivatives market. Trading volumes for futures and standard contracts indicate its growing popularity.
XRP Achievements in Derivatives Market
The total trading volume for XRP and Micro XRP futures has surpassed $1.6 billion since its official launch. This success reflects a growing interest in regulated XRP investment products.
Launch of XRP Futures
XRP futures began trading on the Chicago Mercantile Exchange (CME) derivatives platform in May, becoming the first regulated futures tracking XRP’s price in the U.S. On July 11, the total trading volume for contracts reached $235 million, setting a new record.
Potential of ProShares XRP Futures ETF
The ProShares XRP Futures ETF, set to launch on July 18, will introduce a new capital allocation vector, especially for pension and endowment portfolios. If regulatory clarity improves, XRP may see renewed institutional investments.
XRP shows increasing interest from traders and institutional investors. The launch of the ProShares ETF could be a significant step forward for the cryptocurrency in the regulated market.
