XRP draws fresh attention from traditional funding when new products are rolled out in both security and derivative markets and expands access points for token.
According to writing, according to Coindesk data, XRP traded around $ 3,0263, dropped almost 1% over the last 24 hours.
On September 18, Rex shares and Osprey Funds will debut the first US listed stock exchangeed funds (ETFS) Tied to XRP and Dogecoin On CBOE BZX Exchange, under Tickers XRPR and Doje. However, these products are not entirely “clean” spot products.
Bloomberg Intelligence -Analyst James Seyffart wrote on X that the funds are not “pure” spot products. Instead, they are structured to keep XRP and DOGE directly while also investing in other spot -TFs outside the United States to achieve exposure. Their filing also includes languages ​​that allow the use of derivatives for exposure if necessary, although Seyffart emphasized that this is not the primary approach.
The structure reflects the realities of building -regulated crypto -Tfs in the United States, where sponsors have sometimes struggled in indirect exposure. Nevertheless, the launches mark the first time American Brokerage accounts have access to XRP-and DOGE-focused ETFs expanded beyond Bitcoin and Ether dominating the ETF landscape.
Less than a month later, CME Group plans to elaborate on its crypto derivatives set up by listing options on XRP and Solana Futures, targeted at October 13, pending regulatory review.
The options will be listed on both standard contracts and their smaller “micro” versions, designed to operate institutions, trade in desks and active individuals. Expiry elections will include each working day, every month and every quarter, creating a wider sieve structure for the management of exposures.
The exchange said the decision is following a strong growth in its newer altcoin futures.
Since March, Sol Futures has logged over 540,000 contracts traded (about 22.3 billion dollars nominal)While XRP -Futures introduced in May have seen more than 370,000 contracts change hands (about 16.2 billion dollars nominal). Market participants, including Cumberland and Falconx, welcomed the additions and referred to the need for coverage tools beyond Bitcoin and Ether.
With headquarters in Chicago, CME Group operates the world’s largest regulated derivative marketplace, where listed crypto futures and options allow participants to hedge positions with central clearing and margining. Adding XRP and Sun settings is based on the company’s progression from Bitcoin and ether to a wider set of floating tokens.
