In July, CME Group announced that the transaction volume and the highest levels of all time have been reached in the process volume and open positions of XRP futures products. This increase was in parallel with optimism that the Stock Exchange Investment Fund (ETF) approval for XRP in the United States. Experts, the rise in July, corporate demand and the increasing commercial activities of individual investors are effective, he said.
XRP Coin broke record
In a statement made by CME Group, it was emphasized that record levels in the transaction volume and open positions of XRP futures in July. It is thought that the interest of corporate investors and the increase in the transaction volume of individual investors play an important role in this development. The general mobility in the futures markets is thought to increase the trust in the crypto asset market.
Experts pointed out that the rise in demand for futures products may be related to the change of expectations for XRP in financial markets. It is clear that the growth in the futures markets is also linked to regulatory developments.
CME Group: “XRP futures showed a performance above the expected performance in July and showed that the market was reshaped.”
XRP ETF approval expectation
In the United States, optimistic expectations for XRP ETF approval are among the main reasons for the trading volume record in July. In the investment world, this development is thought to encourage the addition of new products to the ETF market. Some financial analysts believe that a possible ETF approval will bring new summits.
It is not yet finalized how the XRP ETF application will result. However, investors look at the approval of 2025 due to the ripening of regulations, the end of the case and the changing attitude of the SEC. Listing at the latest by September and October is expected to be made.
Market observers argue that the interest of institutions is decisive in this increase in the XRP -term transaction volume. With this expectation, CME did what is necessary for the XRP Coin right after the left coin futures list. He gave SEC approvals and the timing was literally great. XRP reached new record prices and futures volumes were breaking other records.
CME Group’s data for July shows that crypto asset markets are increasingly diversified. Such strong interest on the futures side is like the confirmation that there will be no difficulty in finding buyers after the approval of Spot ETF.
CME Group: “The performance recorded in July is an indication of the interest of corporate investors’ interest in XRP.”
In general market evaluations, it is followed whether XRP can maintain its interest in investor in the face of regulatory developments. ETF approval and developments in legal processes in the coming months may directly affect the direction of the markets.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
