XRP Futures ETF has a pretty impressive launch day, clocking $5.8 million in trading volumes, while beating the likes of Ethereum futures ETF, which saw $1.92 million in combined trading volume during the launch day. This clearly shows the demand for XRP institutional products and could be a stepping stone for the approval of spot ETFs. Following a strong debut, the XRP price has also surged 2.5% today at $2.38, with open interest spiking to $4.69 billion. XRP Futures ETF Makes Stellar Debut On Monday, May 19, XRP futures ETF by CME Group debuted, clocking nearly $6 million in daily trading volumes. This is impressive considering that the altcoin remains under pressure amid the ongoing SEC lawsuit. However, professional traders seem to be looking beyond the legal discourses, highlighting demand for XRP institutional products. As predicted, the newly launched XRP ETFs, have managed to beat Ethereum futures ETFs. If the… Read More at Coingape.com
The post CME XRP Futures ETF Outperforms Ethereum On Launch; Is BTC Next? appeared first on CoinGape.