XRP Futures ETF Reaches $1 Billion Open Interest

XRP futures ETF recently reached $1 billion in open interest at the CME Group, setting a record as the fastest crypto futures product to achieve this, just three months post-launch.

With XRP futures ETF rapidly achieving $1 billion open interest, institutional demand highlights a stronger market position. This milestone reinforces the cryptocurrency’s increasing financial significance in traditional exchanges.

The CME Group’s XRP futures contract set a record as the fastest product to reach $1 billion in open interest. Launched in May 2025, it surpassed prior benchmarks due to strong institutional demand. Hedge funds and asset managers were primary participants in this record-setting increase. Market structures shifted drastically since the SEC classified XRP as a commodity, unlocking Ripple’s institutional flows.

Immediate financial impacts were noted with rising XRP volumes and trading metrics. CME reported over 251,000 contracts, translating to $9.02 billion in cumulative volume, driven by major asset managers. The XRP perpetual funding rates turned positive, reflecting a bullish sentiment driven largely by institutional shifts. The SEC’s regulatory decision on XRP as a commodity provided the legal basis for its substantial capital inflows. This classification incidentally clarified its position alongside other mainstream assets without explicit governance or DeFi protocol implications.

Potential future developments include a substantial increase in spot ETF approvals and further market shifts. Nate Geraci highlighted the possibility of capital shifting to spot ETFs. CME’s historical data suggests XRP could influence future futures market policies and trading volumes, benefiting from Ripple’s On-Demand Liquidity service.