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6h ago

CME XRP Futures Hit Record Open Interest as Broader Market Cools

Institutional flows into regulated futures contrast with a short‑term pullback in broader positioning.

CME XRP Futures hit $9B – Will spot ETF approval flip the 23% slide?
Xrp futures on cme break records with all time high open interest surge
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Overview

  • CME reported an all-time high in XRP futures open interest on August 18 with over 6,000 contracts, nearly 12 million XRP in notional terms valued around $9.02 billion.
  • Over the past three months, CME logged more than 251,000 XRP futures contracts traded with an average daily volume of $143.2 million.
  • Coinglass data show total XRP futures open interest across venues slid from roughly $10 billion in late July to about $7.3 billion on August 22 as spot price fell about 23% from $3.6 to $2.8.
  • Prediction market activity on Polymarket prices a higher chance of a U.S. spot XRP ETF in 2025 at about 78% with roughly $144,000 traded on the contract, reflecting expectations rather than an approval.
  • Despite the CME milestone, exchange rankings place it fourth for XRP futures activity behind Bybit, Binance and Bitget, as on-chain firm Santiment notes large holders recently eased selling pressure.