{"id":127892,"date":"2025-04-24T17:16:54","date_gmt":"2025-04-24T17:16:54","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127892"},"modified":"2025-04-24T17:16:54","modified_gmt":"2025-04-24T17:16:54","slug":"chicago-mercantile-exchange-cme-group-to-launch-xrp-futures","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127892","title":{"rendered":"Chicago Mercantile Exchange (CME) Group to launch XRP futures"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, recently announced that XRP (XRP) futures contracts will go live on May 19.<br \/>\nAccording to the April 24 announcement, investors have the option of choosing between micro-sized contracts, featuring 2,500 XRP, or standard contract sizes of 50,000 XRP. All XRP futures contracts will be cash-settled.<br \/>\nIn January 2025, the CME Group signaled an impending launch of XRP futures before quietly pulling the related page from its website.<br \/>\nCME\u2019s announcement is the latest in a growing wave of crypto-focused financial products entering the market or awaiting regulatory approval in the US, a sign that cryptocurrencies have reached a new level of institutional acceptance.<br \/>\nThe XRP ticker symbol displayed on the CME Group website. Source: CME GroupRelated: CME Group taps Google Cloud for pilot asset tokenization program<br \/>\nFinancial institutions push for altcoin financial products<br \/>\nOn March 17, Solana (SOL) futures debuted on the Chicago Mercantile Exchange. The SOL contracts featured a standard contract size of 500 SOL and the more accessible micro contracts for 25 SOL.<br \/>\nIn April 2025, asset manager Canary Capital submitted an application to the United States Securities and Exchange Commission (SEC) for a staked Tron (TRX) exchange-traded fund (ETF).<br \/>\nThe asset manager&#8217;s proposed ETF will hold spot TRX but will stake a portion of the token to accrue yield, which, at the time of this writing, is 4.5% for TRX.<br \/>\nOn April 22, Crypto.com and the Trump Media and Technology Group (TMTG), a media conglomerate partially owned by the US President, signed a deal to launch an ETF tracking US crypto projects.<br \/>\nThe ETF will launch under the Truth.Fi banner, which is US President Trump&#8217;s decentralized finance project, and is expected to start trading later in 2025.<br \/>\nList of pending ETF applications. Source: Eric Balchunas There are now more than 70 crypto ETF applications waiting to be reviewed by the SEC, according to Bloomberg ETF analyst Eric Balchunas.<br \/>\n&#8220;Everything from XRP, Litecoin, and Solana to Penguins, Doge, 2x Melania, and everything in between. Gonna be a wild year,&#8221; Balchunas wrote in an April 21 X post.<br \/>\nMagazine: Ethereum maxis should become \u2018assholes\u2019 to win TradFi tokenization race<a href=\"https:\/\/cointelegraph.com\/news\/chicago-mercantile-exchange-cme-group-to-launch-xrp-futures?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, recently announced that XRP (XRP) futures contracts will go live on May 19. According&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127892"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127892"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127892\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127892"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}