CME's XRP Futures Contracts See Strong Debut with $19 Million Trading Volume

According to BlockBeats, the Chicago Mercantile Exchange (CME) reported that its XRP futures contracts achieved a nominal trading volume exceeding $19 million on their first day. On Tuesday, the nominal trading volume reached at least $10 million. Market participants view the introduction of these regulated futures contracts as a potential step towards the approval of a spot XRP exchange-traded fund (ETF) in the United States. Nate Geraci, President of ETF Store, expressed confidence, stating that a spot XRP ETF is only a matter of time.