TL;DR: CME XRP futures hit $235M in one day, signaling rising institutional interest and global demand. SEC approves UXRP, the first U.S.-listed leveraged XRP ETF, set to launch on NYSE Arca. 3iQ’s Canadian XRP ETF tops $50M in assets as regulated products gain traction globally.
The CME XRP futures market saw its highest trading volume to date on July 11, with over $235 million in notional value changing hands in a single day. This brings the total traded volume since the May 19 launch to over $1.6 billion. The contracts offer exposure to XRP without requiring token ownership and are available to both institutions and retail traders.
CME has become a popular exchange for investors looking for regulated exposure to crypto, with its Bitcoin and Ether futures already widely used. The latest numbers suggest growing use of XRP futures among trading firms, with over 9,100 contracts traded on July 11, equal to more than 82 million XRP. Micro contracts also saw their busiest session since launch.
Ripple, which uses XRP for international payments, is making moves to build compliant infrastructure for XRP in major markets. This includes applying for a banking license in the United States and registering under the MiCA framework in the European Union.
In addition to XRP futures, other regulated products are gaining traction. On July 14, 3iQ reported that its XRP ETF, trading on Canada’s TSX, crossed $50 million in assets. CME data also shows that 45% of XRP futures volume comes from outside North America, pointing to strong demand across regions.
Adding to this institutional wave, the SEC has approved the ProShares Ultra XRP ETF, a leveraged futures-based product set to trade under the ticker UXRP on NYSE Arca. Trading is scheduled to begin by the end of the week, giving XRP its first U.S.-listed ETF exposure.
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