CME的XRP期貨推出增強了機構的信心，並引發了關於即將到來的XRP現場ETF批准的猜測。

XRP期貨最近在芝加哥商業交易所（CME）推出，引發了整個加密貨幣世界的新鮮興奮，分析師和XRP社區猜測可能很快就會出現ETF。

The cryptocurrency market continues to buzz with anticipation as the Securities and Exchange Commission's decision on the first-ever XRP exchange-traded fund approaches.

隨著證券交易委員會對有史以來第一個XRP交易所交易基金方法的決定，加密貨幣市場繼續引起人們的期望。

However, recent technical glitches have cast a shadow of doubt on the timeline for the long-awaited spot ETF.

但是，最近的技術故障對期待已久的現場ETF的時間表產生了懷疑。

According to a report by AZcoins, the Chicago Mercantile Exchange (CME) has begun trading in XRP futures, marking a significant step in mainstream financial institutions' adoption of the cryptocurrency.

根據Azcoins的一份報告，芝加哥商業交易所（CME）已經開始在XRP期貨中進行交易，這標誌著主流金融機構採用加密貨幣的重要一步。

The CME-listed futures contracts provide a way for institutional investors to gain exposure to XRP without directly buying, selling, or holding the coins. These contracts are also cash-settled, further simplifying participation for larger financial bodies.

CME上市期貨合約為機構投資者提供了一種在不直接購買，出售或持有硬幣的情況下獲得XRP的風險的方法。這些合同也是現金分配的，進一步簡化了更大的金融機構的參與。

The approval of the XRP futures contracts by the Commodity Futures Trading Commission (CFTC) also attests to their legitimacy and suitability for sophisticated investors.

商品期貨交易委員會（CFTC）批准XRP期貨合同，也證明了其合法性和適用於復雜的投資者。

Highlighting the significance of this moment, Brad Garlinghouse, CEO of Ripple, stated that Hidden Road, a major trading firm, executed the inaugural large-scale trade in XRP futures on CME.

Ripple的首席執行官Brad Garlinghouse強調了這一刻的重要性，他說，這是一家大型貿易公司Hidden Road在CME上執行了XRP期貨的就職大規模貿易。

"This is a landmark moment for XRP and the broader crypto market," Garlinghouse remarked.

加林豪斯說：“對於XRP和更廣泛的加密市場來說，這是一個具有里程碑意義的時刻。”

"We've reached this point thanks to the tireless efforts of the entire Ripple team and the broader XRP community. Together, we're pushing the boundaries to create a more inclusive and interconnected financial system."

“由於整個Ripple團隊和更廣泛的XRP社區的不懈努力，我們已經達到了這一點。我們一起推動了界限，以創建一個更具包容性和相互聯繫的金融體系。”

Anticipation for XRP ETF Grows

XRP ETF的預期增長

Following the launch of the futures contracts, Nate Geraci, president of the ETF Store and cofounder of the ETF Institute, expressed his belief that the introduction of an ETF on the XRP token could be the next logical step.

期貨合約發布後，ETF商店總裁兼ETF研究所聯合創始人Nate Geraci表示，他相信在XRP代幣上引入ETF可能是下一個合乎邏輯的步驟。

"It seems like forever ago, but in June 2023, the DC Circuit Court ruled that the SEC was being arbitrary in approving Bitcoin futures ETFs while denying the Grayscale Bitcoin spot ETF," Geraci explained.

Geraci解釋說：“似乎是永遠的，但是在2023年6月，DC巡迴法院裁定，SEC在批准比特幣期貨ETF的同時是任意的，同時否認灰度比特幣景點ETF。”

"The court stated that if a crypto asset has a busy CME futures market, it would be illogical to prevent a spot ETF."

“法院說，如果加密資產擁有繁忙的CME期貨市場，那麼防止現場ETF是不合邏輯的。”

A decision on the proposed Franklin XRP Fund spot ETF is due from the SEC on June 17, 2025.

對擬議的富蘭克林XRP基金現貨ETF的決定將於2025年6月17日起。

Its approval would allow for even broader investor access to XRP, similar to how the Bitcoin and Ethereum ETFs have brought in institutional capital and increased the cryptocurrencies' overall legitimacy.

它的批准將允許更廣泛的投資者訪問XRP，類似於比特幣和以太坊ETF帶來機構資本的方式，並增加了加密貨幣的整體合法性。

However, recent technical glitches have caused setbacks in the ETF application process.

但是，最近的技術故障在ETF申請過程中造成了挫折。

Despite the positive developments, such as the launch of the CME futures contracts and the pending decision on the Franklin XRP Fund, there are still hurdles to overcome before a spot ETF can be realized.

儘管取得了積極的發展，例如啟動CME期貨合約和對富蘭克林XRP基金的未決決定，但在實現現場ETF之前，仍然有要克服的障礙。

According to data from Benzinga, the price of XRP showed little movement in the short term, declining by 0.77% in the past 24 hours but seeing a significant spike of 63.87% in trading volume, which often indicates heightened interest.

根據Benzinga的數據，XRP的價格在短期內很少移動，在過去的24小時內下降了0.77％，但交易量的顯著高漲為63.87％，這通常表明利息升高。

As of now, XRP is trading at $2.37. While the token's price has remained largely stagnant, many believe that this period of consolidation is setting the stage for a substantial rally, especially if the ETF dream becomes a reality.

截至目前，XRP的交易價格為2.37美元。儘管令牌的價格在很大程度上停滯不前，但許多人認為，這一時期的合併正在為實質性的集會奠定基礎，尤其是在ETF夢想成為現實的情況下。