The CME Group has launched XRP and Micro XRP futures, giving investors a new way to trade one of the world’s leading cryptocurrencies. These regulated futures contracts went live Today and are seen as a big move for bringing XRP into traditional financial markets.
Ripple CEO Brad Garlinghouse shared his excitement on social media, calling the launch “a key institutional milestone” for XRP. He also revealed that Hidden Road cleared the first block trade on the CME as trading opened. He added, “While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market!”
XRP bulls are optimistic. The majority think that institutional funds now coming in through CME put XRP in a more favorable position to hit the $3, a price point it has not been above since its peak in 2018. Futures trading might usher in more volume and stability. Currently, the XRP is at about 2.43.
There’s also increasing speculation over an emerging XRP ETF. Attention has meanwhile come to the approaching decision over the Franklin XRP Fund, which is a proposed spot XRP ETF. The SEC will announce June 17, 2025 as the date it will deliver its verdict on the case – a month from now.
If approved, it would allow even more investors to gain exposure to XRP, similar to the way Bitcoin and Ethereum ETFs have brought in big money. This could further boost XRP’s price and acceptance in mainstream finance.
Also Read: Has Brad Garlinghouse of Ripple offered $20B to Circle? Fact Check
