It will be a big week for XRP with the future launched on the CME today, and the thickening of the ETF making the headlines again. If everything goes as planned, it could change the situation for XRP, attract institutional money and pave the way to the XRP ETF.
Increase in approval ratings of the ETF XRP
Polymarket merchants have also increased their bets on an approval from the FNB XRP this year to 83%, despite the recent lowering feeling. Bloomberg analysts have also increased the chances of approval to 85%, on the increase in institutional interests and a fair regulatory environment.
The Mercantile Chicago Exchange (CME) launching XRP term contracts could be considered a major step towards institutional adoption. The term contracts allow traders to bet on the future price of an asset without having it physically.
The launch of term contracts on XRP would allow financial companies to create ETFs that follow the XRP prices, similar to the Proshares Bitcoin ETF, which follows Cme Bitcoin Futures. But some fear that, since nobody really holds XRP in term contracts, the price will not move.
However, today’s launch should increase market liquidity and attract institutions to trade and XRP coverage in a regulated manner. In addition, regulated term contracts are often a prerequisite for ETF approvals. The additional visibility of a CME list could further increase its market position.
A new ETF XRP shows enormous entries despite the drop in prices
The ETF XRP Daily Téucrium 2x recently launched (XXRP) has shown regular growth, with more than $ 106 million assets since its inception in April, according to data from ETF.com. Despite a recent drop in XRP prices, the fund added $ 30.4 million last week.
This shows an increasing interest in ETF XRP, with XXRP surpassing similar products such as 2x Solana ETF (SOLT). The Wall Street giant, JP Morgan, is waiting for XRP and Solana ETF attracting $ 15 billion during their first year, XRP should capture most of these entries.
The dry should reign over the Franklin Templeton XRP ETF in June. However, a delay is likely because it could be grouped with companies like Bitwise and Vaneck before their deadline in October. In addition, the XRP ETF of Tuttle Capital, which is expected to be launched on May 21, could attract more institutional negotiation and increase demand in the secondary markets.
