Recent comments from a crypto analyst suggest that the launch of an XRP ETF may be imminent following CME Group's announcement about XRP futures.
Expected XRP ETF Launch
Cypress Demanincor, a crypto analyst on X, shared footage from Token 2049 in Dubai featuring Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. He indicated that an XRP ETF is anticipated, tied to the upcoming launch of XRP futures scheduled for May 19.
Regulatory Conditions for XRP Inclusion
Vicioso explained that CME's ability to offer futures on any cryptocurrency is closely linked to regulatory classification. He noted that recent developments, including regulatory changes in the U.S. and the dismissal of certain lawsuits, have provided comfort regarding Solana and XRP. The court has established that XRP is not a security, thereby removing regulatory uncertainties.
Market Impact and Institutional Pathways
Vicioso indicated that CME already maintains a family of reference rates for 24 different cryptocurrencies, with all futures products cash-settled. This allows institutions to engage with crypto markets without holding the underlying assets, creating pathways for ETF integration. CME Group's launch of XRP futures marks a significant expansion of institutional access to XRP, reflecting a shift in regulatory conditions in its favor.
The launch of XRP futures by CME Group highlights a change in the regulatory landscape and opens new opportunities for the integration of XRP into institutional trading products.
