There are great news for XRP holders – the Mercantile Chicago Exchange (CME) officially announced that it would launch XRP’s term contracts from May 19. These new term contracts will be available in large and micro contracts, offering traders more flexibility and precision in the management of their exposure to XRP.
This decision is an important step for XRP, because the CME is considered one of the most reliable and regulated term exchanges in the world. Although the future XRPs have already been launched on platforms like Coinbase and Bitnomial, they are relatively small players compared to the CME.
Many experts believe that this development is a key step towards the long -awaited approval of an XRP ETF. The American Commission for Securities and Exchange (SEC) often considers the CME as a gold stallion when you consider the term markets, and the fact that the XRP term contracts are listed the case of an ETF.
The CEO of Ripple, Brad Garlinghouse, also reacted to the announcement, the appellant “an incredibly important and exciting stage in the continuous growth of the XRP market”, although he admitted that he had been expected for a long time.
For the future, there are growing speculations according to which the SEC could approve not only an ETF Spot XRP, but perhaps an ETF Solana and others by later this year. With Paul Atkins recently sworn in as the president of the SEC and a significantly more pro-Crypto position of the agency, analysts think that there is a good chances of approval and T2 or T2 2025.
If these ETFs get the green light, it could mark a major turning point for the growth of the XRP market and the wider adoption.
