TL;DR
- CME XRP futures hit a jaw-dropping $235 million in one day! Is the smart money smacking their lips? 😲
- The SEC has given the green light to UXRP, the first-ever leveraged XRP ETF in the U.S. It’s like Christmas for crypto investors! 🎄🚀
- 3iQ’s Canadian XRP ETF is flexing its muscles with over $50 million in assets, proving that regulated stuff is totally in. 💪📈
XRP Futures Go Wild on CME!
CME’s XRP futures market had a momentous meltdown on July 11, breaking every record in sight. Over $235 million in notional value switched hands in a single hectic day! That’s right—volume was casting spells across both standard and micro contracts, making every trader feel like they hit the jackpot. 💸✨
These contracts are the holy grail for those who want to feel the XRP thrill without actually owning any. Standard contracts are based on a whopping 50,000 XRP, while the micro ones are a bargain at just 2,500 coins. Cash-settled and tied to CME’s XRP-Dollar Reference Rate—it’s the fast lane for both institutions and retail traders looking to live their best crypto life! 🏎️💨
Institutions are All About That Regulated Life!
CME has become the darling of investors wanting their crypto fix through the respectable halls of regulated markets. Bitcoin and Ether futures already have their dance cards full, and now XRP is joining the party! The latest gossip hints at a growing fascination with XRP futures among trading firms. 💃🕺
CME’s Active Trader account dished out this delightful tidbit:
“XRP and Micro XRP futures crossed $235M notional traded on July 11.”
On that fateful day, over 9,100 contracts were traded, equal to an eye-popping 82 million XRP! Even micro contracts had their moment in the spotlight, with the busiest session since they came into existence. Talk about an overachiever! 📊🌟
Meanwhile, Ripple is strutting its stuff, applying for a banking license in the U.S. and attempting to cozy up under the MiCA framework in the EU. It’s all part of a grand plan to create compliant infrastructure for XRP in major markets—ambition much? 😏🌍
XRP Finally Gets a U.S. ETF—But Wait, There’s More!
XRP futures are not the only shiny new toys on the block. On July 14, 3iQ announced that its XRP ETF on Canada’s TSX hit a mega milestone, crossing $50 million in assets! And guess what? A whopping 45% of XRP futures volume is coming from outside North America—global demand is knocking on the door! 🌎🔑
To top things off, the SEC has given a big thumbs-up to the ProShares Ultra XRP ETF—a leveraged futures-based product that’s ready to strut under the ticker UXRP on NYSE Arca. Trading kicks off by week’s end, making pedigree XRP part of the U.S.-listed elite. Who knew crypto could be so glamorous? 😍💼
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2025-07-16 17:15