{"id":27812,"date":"2025-05-21T08:02:03","date_gmt":"2025-05-21T08:02:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27812"},"modified":"2025-05-21T08:02:03","modified_gmt":"2025-05-21T08:02:03","slug":"cmes-xrp-futures-have-pulled-in-nearly-30m-since-debut-fueling-xrp-etf-hopes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27812","title":{"rendered":"CME&#8217;s XRP Futures Have Pulled In Nearly $30M Since Debut, Fueling XRP ETF Hopes"},"content":{"rendered":"<div>\n<p>XRP futures contracts on the Chicago Mercantile Exchange (CME) recorded over $19 million in notional trading volume on their first day and at least $10 million on Tuesday, data shows.<\/p>\n<p>The inaugural trade, a block transaction, was cleared by Hidden Road on May 18. CME&#8217;s XRP futures are available in two sizes: standard contracts representing 50,000 XRP and micro contracts representing 2,500 XRP. Both are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, calculated daily at 15:00 UTC. <\/p>\n<p>Standard contracts bagged a volume of 7.5 million XRP on Monday and 2.95 million XRP on Tuesday, while micro contracts did 517,000 XRP on Monday and at least 1.2 million XRP on Tuesday.<\/p>\n<p>Market participants see the launch of these regulated futures contracts as a step toward the potential approval of a spot XRP exchange-traded fund (ETF) in the United States.<\/p>\n<p>\u201cSpot XRP ETFs only a matter of time,\u201d Nate Geraci, President of the ETF Store, said in an X post Monday.<\/p>\n<p>Despite the strong debut of the futures contracts, XRP&#8217;s spot price remained relatively stable, trading around $2.38, with a slight increase of 0.42% over the past 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP futures contracts on the Chicago Mercantile Exchange (CME) recorded over $19 million in notional trading volume on their first day and at least $10 million on Tuesday, data shows. The inaugural trade, a block transaction, was cleared by Hidden Road on May 18. CME&#8217;s XRP futures are available in two sizes: standard contracts representing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27812","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27812"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27812\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}