The Chicago Mercantile Exchange’s (CME) Strategic Introduction of Ripple Futures Contracts Has Sparked Speculations of the Imminent Launch of an XRP ETF

The Chicago Mercantile Exchange’s (CME) strategic introduction of Ripple futures contracts has sparked speculations of the imminent launch of an XRP ETF.

The Chicago Mercantile Exchange (CME) has begun offering futures contracts for Ripple (XRP), sparking rumors of an imminent launch of an XRP ETF.

As CME futures post significant gains and hit $30 millon in trading volume, the odds of an ETF launch in 2025 have risen on Polymarket. Earlier, Bloomberg analysts Eric Balchunas and James Seyffert had predicted an 85% chance of ETF approval.

The new Polymarket odds show an 83% chance of Ripple ETF approval in 2025, with a lower 21% probability specifically for July 2025.

According to crypto expert Brett, June 17 is the crucial date for Ripple ETF approval. In an X post, the analyst stated that the review deadline for Franklin Templeton’s spot XRP ETF is June 17.

Notably, the analyst’s statement has come as the odds on Polymarket have risen sharply. Earlier, Bloomberg analysts had predicted a 90% chance of Solana and Litecoin ETF approval.

The SEC has already postponed its decision on multiple ETFs, with the analysts remaining confident about the launch by the end of the year. While year-end approval seems more likely, there’s also a possibility of early approval as soon as June. Seyffart noted,

> A bunch of XRP ETPs have dates in [the] next few days. If we’re gonna see early approvals from the SEC on any of these assets, I wouldn’t expect to see them until late June or early July at the absolute earliest. More likely to be in early 4Q.

The increasing odds of an XRP ETF launch are also driven by the remarkable gains of the CME futures contracts.

CME Group introduced the Ripple futures contracts on May 19, sparking widespread enthusiasm. The product has attained $30 million in trading volume over three days, with $19M on Monday and $10M on Tuesday.

Driven by this significant rally, market experts anticipate the SEC’s potential decision on Ripple ETFs. Nate Geraci, President of the ETF Store, remarked, “Spot XRP ETFs are only a matter of time.”