{"id":121733,"date":"2025-05-22T05:37:08","date_gmt":"2025-05-22T05:37:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/121733\/"},"modified":"2025-05-22T05:37:08","modified_gmt":"2025-05-22T05:37:08","slug":"xrp-futures-debut-hits-19-mln-in-trading-volume-is-a-spot-etf-next","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/121733\/","title":{"rendered":"XRP Futures debut hits $19 mln in trading volume: Is a Spot ETF next?\u00a0"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\">XRP CME Futures debut hits $19M volume, eclipsing SOL\u2019s $12.1M launch in March.\u00a0<\/li>\n<li style=\"font-weight: 400;\">Market expectation for spot XRP ETF approval in 2025 was above 80%.\u00a0<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ripple\u2019s [XRP]<\/a> Futures debut on Chicago Mercantile Exchange (CME), hit $19 million in notional trading volume, according to a 19th of May <a href=\"https:\/\/www.cmegroup.com\/media-room\/press-releases\/2025\/5\/20\/cme_group_announcesfirsttradesofxrpfutures.html\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">statement<\/a> by the exchange.<\/p>\n<p>This marked the first regulated Futures trading for the altcoin, joining <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a>, <a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ethereum [ETH]<\/a>, and <a href=\"https:\/\/ambcrypto.com\/category\/solana-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Solana [SOL]<\/a>. <\/p>\n<p>The CME Futures are available in larger-sized contracts with 50,000 XRP and a micro-version with 2,500 XRP and are cash-settled.\u00a0On the launch day, volume hit 150 contracts (about $19M notional volume).\u00a0<\/p>\n<p>However, on the second day, the 20th of May, the volume dropped 50% to 59 contracts. If the average reference price was $2.53, this translates to about $7.59 million in volume.<\/p>\n<p><strong>XRP outshines SOL\u00a0<\/strong><\/p>\n<p>For comparison, the <a href=\"https:\/\/ambcrypto.com\/solana-cme-futures-unable-to-beat-btc-eths-launch-whats-ahead-for-sol\/amp\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">SOL CME Futures<\/a> debuted on the 17th of March and attracted $12.1 million in volume. In other separate launches, BTC tapped $102.7M, while ETH managed $31M.\u00a0<\/p>\n<p>This meant XRP outpaced SOL by over $7 million and mirrored the current top crypto assets by market cap.\u00a0<\/p>\n<p>That said, the Futures products make it easy for institutions to speculate and adopt hedging strategies on XRP, deepening market liquidity.\u00a0\u00a0<\/p>\n<p>But the milestone may be a step towards another goal \u2014 U.S. Spot ETF approval. <\/p>\n<p>According to ETF Stores\u2019 Nate Geraci, ETF approval was a \u2018<a href=\"https:\/\/www.cmegroup.com\/media-room\/press-releases\/2025\/5\/20\/cme_group_announcesfirsttradesofxrpfutures.html\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">matter of time<\/a>\u2019 after the CME Futures went live.<\/p>\n<p>Notably, the U.S. Spot BTC and ETH ETFs were launched after hitting CME Futures.\u00a0\u00a0<\/p>\n<p>Since the CME announced its XRP Futures plan in April, U.S. Spot XRP ETF approval odds have jumped by over 10% from 63% to 83%, Polymarket <a href=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">data<\/a> showed.\u00a0<\/p>\n<p>Despite topping SOL, XRP\u2019s Futures launch didn\u2019t strongly spice up speculative interest. Unsurprisingly, it mirrored the broader market cool-off after the April-May recovery pump.\u00a0<\/p>\n<p>Since mid-May, XRP\u2019s Open Interest rate (OI), or money parked in the XRP derivatives markets, has dropped from $5.5 billion to $4.5B at press time. That meant short-term bearish sentiment.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-21-154036.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-493749\" class=\"size-full wp-image-493749\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-21-154036.png\" alt=\"XRP futures\" width=\"1398\" height=\"421\"  \/><\/a><\/p>\n<p id=\"caption-attachment-493749\" class=\"wp-caption-text\">Source: CoinGlass\u00a0<\/p>\n<p>Interestingly, BTC dominance jumped 3.6% from mid-May, from 62% to over 64% after a sharp drop in early May.<\/p>\n<p> The BTC dominance recovery meant altcoins like XRP were temporarily sidelined again unless capital flowed from BTC.\u00a0\u00a0<\/p>\n<p>On the price chart, the stubborn BTC dominance meant that the $2.6 resistance may block XRP bulls in the short term. However, bulls still had leverage provided they held above the trendline support.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/XRPUSDT_2025-05-21_15-50-55.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-493751\" class=\"size-full wp-image-493751\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/XRPUSDT_2025-05-21_15-50-55.png\" alt=\"XRP Futures\" width=\"1793\" height=\"944\"  \/><\/a><\/p>\n<p id=\"caption-attachment-493751\" class=\"wp-caption-text\">Source: XRP\/USDT, TradingView\u00a0<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/bitcoin-8511-btc-moved-on-chain-what-lths-are-trying-to-show-us\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Bitcoin: 8,511 BTC moved on-chain: What LTHs are trying to show us<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"XRP CME Futures debut hits $19M volume, eclipsing SOL\u2019s $12.1M launch in March.\u00a0 Market expectation for spot XRP&hellip;\n","protected":false},"author":2,"featured_media":121734,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-121733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/121733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=121733"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/121733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/121734"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=121733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=121733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=121733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}