XRP期貨ETF在發布日擊敗以太坊

XPR Futures在周一的首次亮相日投入了580萬美元的交易量。 CME XRP期貨ETF超過以太坊期貨ETF

CME Group launched the XRP futures exchange-traded fund (ETF) on Monday, and it immediately outperformed ether (ETH) futures in terms of volume.

CME集團在周一推出了XRP期貨交易所交易基金（ETF），並且在數量方面立即超過了Ether（ETH）期貨。

Despite ongoing legal scrutiny of the cryptocurrency, the performance of the new product signals growing interest in regulated XRP futures among professional traders.

儘管對加密貨幣進行了持續的法律審查，但新產品的性能仍對專業交易者中受監管的XRP期貨的興趣日益增加。

Several issuers launched ether futures ETFs, but none of them managed to cross the $2 million mark in volume on Monday. In comparison, the XRP futures ETF nearly reached $6 million in trading activity.

幾位發行人推出了Ether Futures ETF，但周一沒有一個發行人在數量上超過200萬美元。相比之下，XRP期貨ETF幾乎達到了600萬美元的交易活動。

The performance underlines the growing appetite for institutional products linked to XRP, particularly within regulated platforms.

該性能強調了與XRP相關的機構產品的需求日益增長，尤其是在受監管平台內。

Micro Contract Volume Outpaces Standard

微型合同量超過標準

The vast majority of the futures ETF volume came from micro contracts, which are smaller in size and designed for retail traders. In total, micro contracts accounted for more than $1 million in trading activity.

絕大多數期貨ETF量都來自微型合同，該合同規模較小，專為零售商人而設計。總共，微型合同佔交易活動的100萬美元以上。

Standard contracts, which cover 50,000 XRP and are typically used by institutional traders, contributed around $480,000 in notional value.

標準合同覆蓋50,000 XRP，通常由機構交易者使用，其名義價值約為480,000美元。

The figures from CME Group confirmed 106 micro contracts, each covering 2,500 XRP, were traded on Monday, adding up to more than $1 million in volume. In comparison, standard contracts contributed around $480,000 to the total notional value.

CME Group的數據證實，週一交易了106份微型合同，每份覆蓋2500 XRP，總計高達100萬美元的數量。相比之下，標準合同貢獻了大約480,000美元的總名稱價值。

The successful launch comes despite XRP remaining under pressure due to ongoing regulatory actions by the U.S. Securities and Exchange Commission. However, the volume figures show that despite the legal challenges, professional traders are continuing to engage with the product.

儘管美國證券交易委員會正在進行的監管行動，XRP仍處於壓力下，但成功的發布仍在進行。但是，數量數據顯示，儘管面臨法律挑戰，但專業交易者仍在繼續與該產品互動。

A closely followed crypto trader, Ben Gesell, highlighted the impressive performance of the XRP futures ETF on its debut day.

緊隨其後的加密交易員本·蓋塞爾（Ben Gesell）強調了XRP Futures ETF在首次亮相日的令人印象深刻的表現。

The XRP futures ETF saw substantial activity, not seen during ether’s futures ETF launch earlier this year.

XRP期貨ETF看到了實質性活動，在今年早些時候Ether的期貨ETF推出期間看不到。

This signals strong momentum and confidence in XRP’s longer-term institutional relevance.

這表明對XRP的長期機構相關性的強大動力和信心。

Moreover, the level of participation in the futures ETF could have implications for the prospects of a spot ETF being approved any time soon.

此外，參與期貨ETF的參與水平可能會對很快獲得批准的現場ETF的前景產生影響。

Rolling Approvals Could Lead to XRP ETF

滾動批准可能導致XRP ETF

Industry figures, such as ETF Store president Nate Geraci, believe that the rapid approval of several ether futures ETFs could carry momentum into an approval for a spot XRP ETF.

ETF商店總裁Nate Geraci等行業人物認為，幾個以太期貨ETF的迅速批准可以將動力帶入Spot XRP ETF的批准。

"I think they're going to keep rolling through approvals. We saw several ether futures ETFs get approved today, and I think that bodes well for more innovative products to come quickly," Geraci said.

Geraci說：“我認為他們將繼續批准。我們看到了今天的幾個以太期貨ETF得到了批准，我認為這對更具創新性的產品的迅速發展非常好。”

Market prediction platforms also showed a rising probability of a spot ETF being approved.

市場預測平台還顯示出批准的現場ETF的可能性上升。

Polymarket had an 83% approval chance posted for a spot XRP ETF by May 19.

Polymarket在5月19日之前有83％的批准機會發布了XRP ETF。

Growing activity in the futures ETF could lay the groundwork for spot market offerings backed by real XRP tokens.

期貨ETF的日益增長的活動可以為由Real XRP代幣支持的現貨市場提供基礎。

Despite the regulatory challenges that remain, consistent performance in futures markets may influence future approvals.

儘管仍然存在監管挑戰，但期貨市場的持續績效可能會影響未來的批准。

The participation of major platforms like CME also brings credibility and regulatory alignment to XRP’s investment products.

CME等主要平台的參與也為XRP的投資產品帶來了信譽和監管一致性。

Ripple CEO Brad Garlinghouse also mentioned the ETF launch as a milestone, highlighting the importance of engaging in regulated market participants.

Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）還提到了ETF發射是一個里程碑，強調了參與受監管的市場參與者的重要性。

Despite ongoing legal proceedings, institutional traders have shown their confidence in XRP’s prospects through active trading in futures and other derivatives products.

儘管正在進行的法律程序，但機構交易員通過在期貨和其他衍生產品產品中積極交易XRP的前景表現出了他們對XRP前景的信心。

The path toward a spot ETF may depend on sustained demand for XRP-linked products and broader crypto market conditions.

ETF通往現場的道路可能取決於對XRP鏈接產品和更廣泛的加密市場條件的持續需求。