XRP期货ETF在发布日击败以太坊

XPR Futures在周一的首次亮相日投入了580万美元的交易量。 CME XRP期货ETF超过以太坊期货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集团在周一推出了XRP期货交易所交易基金（ETF），并且在数量方面立即超过了Ether（ETH）期货。

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

尽管对加密货币进行了持续的法律审查，但新产品的性能仍对专业交易者中受监管的XRP期货的兴趣日益增加。

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.

几位发行人推出了Ether Futures ETF，但周一没有一个发行人在数量上超过200万美元。相比之下，XRP期货ETF几乎达到了600万美元的交易活动。

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

该性能强调了与XRP相关的机构产品的需求日益增长，尤其是在受监管平台内。

Micro Contract Volume Outpaces Standard

微型合同量超过标准

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.

绝大多数期货ETF量都来自微型合同，该合同规模较小，专为零售商人而设计。总共，微型合同占交易活动的100万美元以上。

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

标准合同覆盖50,000 XRP，通常由机构交易者使用，其名义价值约为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的数据证实，周一交易了106份微型合同，每份覆盖2500 XRP，总计高达100万美元的数量。相比之下，标准合同贡献了大约480,000美元的总名称价值。

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.

尽管美国证券交易委员会正在进行的监管行动，XRP仍处于压力下，但成功的发布仍在进行。但是，数量数据显示，尽管面临法律挑战，但专业交易者仍在继续与该产品互动。

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

紧随其后的加密交易员本·盖塞尔（Ben Gesell）强调了XRP Futures ETF在首次亮相日的令人印象深刻的表现。

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

XRP期货ETF看到了实质性活动，在今年早些时候Ether的期货ETF推出期间看不到。

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

这表明对XRP的长期机构相关性的强大动力和信心。

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，参与期货ETF的参与水平可能会对很快获得批准的现场ETF的前景产生影响。

Rolling Approvals Could Lead to XRP ETF

滚动批准可能导致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商店总裁Nate Geraci等行业人物认为，几个以太期货ETF的迅速批准可以将动力带入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说：“我认为他们将继续批准。我们看到了今天的几个以太期货ETF得到了批准，我认为这对更具创新性的产品的迅速发展非常好。”

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

市场预测平台还显示出批准的现场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％的批准机会发布了XRP ETF。

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

期货ETF的日益增长的活动可以为由Real XRP代币支持的现货市场提供基础。

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

尽管仍然存在监管挑战，但期货市场的持续绩效可能会影响未来的批准。

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

CME等主要平台的参与也为XRP的投资产品带来了信誉和监管一致性。

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

Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）还提到了ETF发射是一个里程碑，强调了参与受监管的市场参与者的重要性。

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

尽管正在进行的法律程序，但机构交易员通过在期货和其他衍生产品产品中积极交易XRP的前景表现出了他们对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通往现场的道路可能取决于对XRP链接产品和更广泛的加密市场条件的持续需求。