CME Executive: The Launch of XRP ETF Has Taken an Important Step

ChainCatcher news, according to Cointelegraph, CME's Senior Managing Director Tim McCourt stated, "A significant first step has been taken for the launch of the XRP ETF. CME has the XRP reference rate and real-time index, which is the first step in building this ecosystem, with over 50 real-time prices and reference rates. This is crucial for product providers like Bitwise, as they can at least point to a fully regulated benchmark."

A week ago, the U.S. Securities and Exchange Commission received an XRP ETF application from Canary Capital, which is the second provider to apply for an XRP ETF after Bitwise Asset Management.