XRP ETF Hopes Rise After CME Futures Go Live, SEC Decision Looms

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The recent launch of XRP futures on the Chicago Mercantile Exchange (CME) is igniting fresh excitement across the crypto world, with analysts and the XRP community speculating that a spot ETF might soon follow.

Nate Geraci, president of the ETF Store and cofounder of the ETF Institute, believes this futures milestone could be the springboard XRP needs to secure an exchange-traded fund. Meanwhile Ripple vs SEC case has also struck in technical glitch creating clouds of confusion on XRP’s ETF prospects. Will XRP make it this time?

Institutional Adoption Gets a Boost

In a positive move, CME (Chicago Mercantile Exchange) has added XRP to its list of official crypto products, which shows that big financial players are becoming more confident in XRP. They’ve launched XRP futures contracts, a type of investment that lets people bet on XRP’s future price without actually owning the coins. These contracts are cash-settled, so when they end, investors get paid in dollars, not XRP. This setup makes it easier and safer for big institutions, like banks and hedge funds, to get involved with XRP in a regulated way.

Also, the contracts have been approved by the CFTC, a U.S. regulator, which adds trust and makes it more appealing to serious investors.

Ripple’s CEO, Brad Garlinghouse, said this is a big moment for XRP and the broader market. He mentioned that Hidden Road, a trading firm, made the first big trade on CME, and he called it an important step in XRP’s growth.

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XRP ETF Hopes Rise

Following the futures launch, Geraci predicted that an XRP ETF could be next. His optimism isn’t unfounded. A decision on the proposed Franklin XRP Fund, a spot ETF, is due from the SEC on June 17, 2025. If approved, it would open the door for even broader investor access, similar to how Bitcoin and Ethereum ETFs have brought in institutional capital and increased legitimacy.

Adding weight to the argument is a 2023 ruling by the DC Circuit Court that criticized the SEC for denying Grayscale’s Bitcoin spot ETF while allowing futures-based ones. The court emphasized that if a crypto asset has an active CME futures market, it’s hard to justify blocking a spot ETF. XRP now fits that profile.

XRP Price Analysis

Despite the positive headlines, XRP’s price has shown little movement in the short term. It’s currently down 0.77% over the past 24 hours but has seen a 63.87% spike in trading volume, signaling heightened interest. As of now, XRP trades at $2.37.

While XRP trades sideways, many believe the groundwork is being laid for a bigger run, especially if the ETF dream becomes a reality.