XRP futures contracts launched on the Chicago Mercantile Exchange (CME) generated over $19 million in trading volume on their first day. The contracts, cash-settled and tied to the CME CF XRP-Dollar Reference Rate, also attracted an additional $10 million in trade the following day. The introduction of these futures contracts is seen as a critical step towards the potential approval of a spot XRP exchange-traded fund (ETF) in the U.S. Market analysts, including Nate Geraci, suggest that a spot XRP ETF is only a matter of time. While these futures saw substantial initial trading activity, XRP's spot price remained stable at around $2.38, with a slight increase of 0.42% over the past 24 hours. Standard contracts accounted for a notable trading volume, with both standard and micro contract variations available, reflecting strong institutional interest in the token within regulated markets.

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