{"id":23620,"date":"2025-04-24T16:46:32","date_gmt":"2025-04-24T16:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23620"},"modified":"2025-04-24T16:46:32","modified_gmt":"2025-04-24T16:46:32","slug":"chicago-mercantile-exchange-cme-group-to-launch-xrp-futures","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23620","title":{"rendered":"Chicago Mercantile Exchange (CME) Group to launch XRP futures"},"content":{"rendered":"
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\"Chicago<\/p>\n

The Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, recently announced that XRP (XRP<\/a>) futures contracts will go live on May 19.<\/p>\n

According to the April 24 announcement<\/a>, investors have the option of choosing between micro-sized contracts, featuring 2,500 XRP, or standard contract sizes of 50,000 XRP. All XRP futures contracts<\/a> will be cash-settled.<\/p>\n

In January 2025, the CME Group signaled an impending launch of XRP futures<\/a> before quietly pulling the related page from its website.<\/p>\n

CME\u2019s announcement is the latest in a growing wave of crypto-focused financial products entering the market or awaiting regulatory approval in the US, a sign that cryptocurrencies have reached a new level of institutional acceptance.<\/p>\n

\"XRP,
The XRP ticker symbol displayed on the CME Group website. Source: <\/em>CME Group<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>CME Group taps Google Cloud for pilot asset tokenization program<\/strong><\/em><\/a><\/p>\n

Financial institutions push for altcoin financial products<\/h2>\n

On March 17, Solana (SOL<\/a>) futures debuted on the Chicago Mercantile Exchange<\/a>. The SOL contracts featured a standard contract size of 500 SOL and the more accessible micro contracts for 25 SOL.<\/p>\n

In April 2025, asset manager Canary Capital submitted an application<\/a> to the United States Securities and Exchange Commission (SEC) for a staked Tron (TRX<\/a>) exchange-traded fund (ETF).<\/p>\n

The asset manager’s proposed ETF will hold spot TRX but will stake a portion of the token to accrue yield, which, at the time of this writing, is 4.5% for TRX.<\/p>\n

On April 22, Crypto.com and the Trump Media and Technology Group (TMTG), a media conglomerate partially owned by the US President, signed a deal to launch an ETF tracking US crypto projects<\/a>.<\/p>\n

The ETF will launch under the Truth.Fi banner, which is US President Trump’s decentralized finance project, and is expected to start trading later in 2025.<\/p>\n

\"XRP,
List of pending ETF applications. Source: <\/em>Eric Balchunas <\/em><\/a><\/figcaption><\/figure>\n

There are now more than 70 crypto ETF applications<\/a> waiting to be reviewed by the SEC, according to Bloomberg ETF analyst Eric Balchunas.<\/p>\n

“Everything from XRP, Litecoin, and Solana to Penguins, Doge, 2x Melania, and everything in between. Gonna be a wild year,” Balchunas wrote in an April 21 X post<\/a>.<\/p>\n

Magazine: <\/strong><\/em>Ethereum maxis should become \u2018assholes\u2019 to win TradFi tokenization race<\/strong><\/em><\/a><\/p>\n