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2h ago

CME Says XRP Futures Hit $1 Billion OI Fastest Ever as Crypto Suite Tops $30 Billion

The momentum is sharpening focus on pending U.S. spot XRP ETF applications with SEC decisions due in October 2025.

Xrp eyes $3.20 as bull flag pattern forms, key support at $2.89
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Xrp futures shatter records with fastest $1b surge as cme crypto suite explodes past $30b

Overview

  • CME reported its crypto futures complex surpassed $30 billion in notional open interest, with SOL and XRP each crossing $1 billion and XRP the fastest contract in venue history to reach that mark.
  • XRP futures logged a peak session on August 25 with 7,533 contracts traded and more than $1 billion in volume, according to CME data.
  • CME launched XRP futures on May 19 in standard 50,000‑token and micro 2,500‑token cash‑settled contracts tied to the CME CF XRP‑Dollar Reference Rate.
  • Multiple issuers, including Grayscale, Franklin Templeton, Bitwise, WisdomTree, 21Shares and CoinShares, have spot XRP ETF filings under SEC review with extended deadlines clustered in October 2025.
  • ETF watchers note more than $800 million is already in futures‑based XRP ETFs, while Bloomberg analysts James Seyffart and Eric Balchunas put high odds on at least one spot approval this year, pending SEC decisions.