TechFlow news, May 21 — According to CoinDesk, the newly launched XRP futures contracts on the Chicago Mercantile Exchange (CME) have shown strong performance, with over $19 million in trading volume on the first day and at least $10 million on the second. The product is available in two sizes: standard contracts (50,000 XRP) and micro contracts (2,500 XRP), both cash-settled based on the CME CF XRP-Dollar Reference Rate.
Market analysts believe the launch of regulated XRP futures contracts marks an important step toward U.S. approval of a spot XRP ETF. Nate Geraci, president of ETF Store, said: "A spot XRP ETF is just a matter of time."
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