The Chicago Mercantile Exchange (CME) has launched the first regulated XRP futures in the U.S. on May 19, 2025. These cash-settled contracts are priced based on the SME CF XRP-Dollar Reference Rate and come in two sizes: 2,500 XRP and 50,000 XRP. This move is significant as it may pave the way for the approval of a spot XRP exchange-traded fund (ETF), which is currently under review by the SEC. Industry experts, like Nate Geraci from ETF Store, predict that the existence of regulated futures could facilitate the launch of a spot XRP ETF. The SEC has already shown a tendency to approve ETFs for bitcoin and ethereum partially due to established regulated futures markets. Currently, XRP's price has seen a decline of 3.45% over the past 24 hours. This entry into regulated futures is seen as a step towards giving XRP more legitimacy in the financial market.

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