XRP News Today: XRP Futures Launch on CME Boosts ETF Approval Odds to 80%

XRP Futures have officially launched on the CME, marking a significant milestone for the asset's liquidity and institutional recognition. This development is seen as a strong indicator that the approval of an XRP ETF is now more likely. The launch of XRP and Micro XRP Futures contracts on the CME was announced in late April and has gone live as scheduled.

Ripple CEO Brad Garlinghouse announced the first trades on Hidden Road, a brokerage platform recently acquired by Ripple. He expressed excitement about the launch, stating that it marks a key institutional milestone for XRP. Despite the fanfare, the price of XRP has not reacted significantly to this news, which was well-telegraphed and may have already been priced in by the market.

The introduction of CME futures trading brings several advantages to XRP. It is widely believed that this development significantly boosts the chances of an XRP ETF being approved. According to ETF analyst Nate Geraci, SEC approval is now "only a matter of time," with odds of success remaining over 80%. However, the recent denial of a settlement in the SEC v Ripple lawsuit has sparked debate within the community about whether XRP is a security or a commodity.

Despite the uncertainty, the launch of XRP Futures on the CME is a significant step forward. It introduces new liquidity and institutional exposure, laying the groundwork for eventual ETF recognition. This development is focused on long-term growth and is expected to have a positive impact on XRP's future prospects.