Daily News 19

Tag: CME XRP futures

  • CME Becomes Largest XRP Futures Venue as Open Interest Surges to 400 Million XRP

    CME Becomes Largest XRP Futures Venue as Open Interest Surges to 400 Million XRP

    CME Group has overtaken Binance as the largest venue for $XRP futures open interest by notional value, highlighting a shift toward regulated markets as professional trading activity increases.

    CME Leads the $XRP Futures Market

    CME’s $XRP futures open interest increased from 284 million $XRP on August 17 to 387 million $XRP on Aug. 31, a rise of approximately 36% in two weeks. During the same period, $XRP climbed from about $0.99 to $1.38, posting a gain of nearly 40%.

    CME moved ahead of Binance on Sept. 1 based on the notional value of $XRP futures open interest. Data from CoinGlass showed that CME held approximately 410,000 $XRP contracts worth about $530 million. Binance had roughly 375,000 contracts valued at approximately $510 million.

    CME now represents about 17% of total $XRP futures open interest, up from approximately 10% in mid-August. Its market share therefore increased by 7 percentage points in roughly two weeks.

    The shift is notable because it occurred alongside a nearly 40% increase in the price of $XRP, pointing to stronger participation from professional market participants.

    Total $XRP Futures Open Interest Falls

    Across all exchanges, however, the broader $XRP futures market moved in the opposite direction. Total futures open interest declined from approximately 2.77 billion $XRP to 2.34 billion $XRP between Aug. 17 and 31, representing a drop of about 16%.

    Exchanges outside CME accounted for most of the decline. Their combined futures positions fell by approximately 533 million $XRP, or 21%, during the same period. CME continued adding positions while traders on other platforms reduced their exposure.

    This created an unusual market pattern: $XRP rose nearly 40% even as total futures open interest dropped 16%. Strong rallies often coincide with rising open interest as traders establish leveraged positions. In this case, the market reduced its overall leveraged exposure while CME’s share continued to expand.

    The trend suggests that the recent $XRP rally may not have relied heavily on speculative leverage from offshore exchanges. Stronger spot demand and increased participation from professional traders may instead have played a larger role.

    $XRP ETF Inflows Strengthen Institutional Demand

    Recent $XRP ETF flows also point to growing institutional interest. U.S. spot $XRP ETFs recorded $110.49 million in net inflows during the week ending Aug. 28. It was their strongest weekly inflow of 2026 and lifted cumulative net inflows to approximately $1.66 billion.

    Goldman Sachs also returned to the $XRP ETF market during the second quarter. Its Q2 13F filings showed approximately $87.4 million in exposure across five spot $XRP ETFs, making Goldman the largest disclosed holder among the institutions mentioned. Jane Street and Millennium Management followed.

    Goldman had fully exited its $XRP ETF positions in the previous quarter before rebuilding exposure across five funds in Q2. Its return, together with rising CME futures activity, indicates that regulated investment products are becoming an increasingly important part of the $XRP market.

    Hedge Funds Hold Net Short Positions

    CFTC data through Aug. 25 shows that professional investors have not all adopted a bullish stance. Leveraged funds held 892 long contracts and 3,206 short contracts, leaving them with a net short position equivalent to approximately 116 million $XRP.

    The net short position increased from roughly 57 million $XRP the previous week. However, the data does not necessarily mean that hedge funds are simply betting against $XRP.

    Dealers and asset managers moved in the opposite direction. Dealers increased their net-long exposure by nearly 60 million $XRP, while asset managers added approximately 28 million $XRP in long exposure.

    Source: cryptonews.net

  • Wall Street Flocks to XRP as Bloomberg Analyst Reveals Key Findings on Top XRP Investors

    Wall Street Flocks to XRP as Bloomberg Analyst Reveals Key Findings on Top XRP Investors

    Bitcoin and the broader cryptocurrency market rallied sharply in August, with BTC rising above $80,000 for the first time in months. XRP was among the altcoins to post significant gains during the period.

    Data shows that XRP’s price increased by approximately 40% between August 17 and August 31, rising from $0.99 to $1.38. However, total open interest in XRP futures fell by 16%, declining from 2.77 billion XRP to approximately 2.34 billion XRP.

    While open positions across the broader XRP futures market decreased, activity on the Chicago Mercantile Exchange (CME) moved in the opposite direction. CME open positions increased from 284 million XRP to 387 million XRP, representing a gain of approximately 36%.

    According to market analyst Omkar Godbole, the CME’s status as a regulated market used primarily by professional investors and asset managers makes the increase a potential signal of strengthening institutional interest in XRP.

    The shift in futures positioning comes ahead of the expected US Clarity Act vote, which would establish rules for the structure of the cryptocurrency market. The legislation is of particular interest to XRP and other digital assets, while market participants closely monitor the Senate’s procedural vote on the bill.

    Wall Street Interest in XRP ETFs Grows

    Despite continued volatility in XRP futures, US spot XRP ETFs maintained steady inflows.

    Bloomberg ETF analyst James Seyffart announced in a post on August 31 that cumulative net inflows into US spot XRP ETFs had reached $1.8 billion.

    Seyffart also noted that ETF flows have remained mostly positive since their launch, despite fluctuations in the price of XRP.

    Largest Institutional XRP ETF Holders

    After reviewing second-quarter 13F filings, Seyffart identified Goldman Sachs, Jane Street, and Millennium Management as some of the most prominent institutional investors in spot XRP ETFs.

    According to the chart shared by Seyffart, Goldman Sachs held the largest position, with $87.4 million invested in spot XRP ETFs. That represented an increase of $83.1 million from the previous quarter.

    Jane Street Group ranked second with $16.6 million, followed by Millennium Management with $16.2 million, Intesa Sanpaolo with $14.4 million, and Marex UK Holdings with $8.1 million.

    Advisors Lead XRP ETF Investor Groups

    Investment advisors stood out among the major XRP ETF investor groups. Seyffart’s report showed that advisors were among the largest holders of spot XRP ETFs during the second quarter and represented the most active investor group in allocating capital to these products.

    The data indicates that XRP ETFs are attracting interest from both individual investors and traditional financial institutions, suggesting that institutional participation in the products is continuing to expand.

    This is not investment advice.

  • CME’s Share of XRP Futures Surges as Token Rallies 40% in One Week

    CME’s Share of XRP Futures Surges as Token Rallies 40% in One Week

    A growing share of $XRP futures trading is shifting to CME as traders reduce leveraged positions across cryptocurrency exchanges.

    CME XRP open interest rises 36%

    Total $XRP open interest—the amount tied up in outstanding futures contracts—fell from about 2.77 billion tokens on Aug. 17 to approximately 2.34 billion on Aug. 31, according to CoinGlass data. Over the same period, the price of $XRP moved higher, rising from roughly $0.99 to $1.38.

    CME, the regulated U.S. futures exchange widely used by professional trading firms and investment managers, moved against the broader trend. $XRP open interest on CME increased from about 284 million tokens to 387 million, representing a rise of roughly 36%.

    CME captures a larger share of XRP futures exposure

    Across the rest of the market, futures positions declined by about 533 million $XRP, or 21%, during the two-week period. CME now represents roughly 17% of total outstanding $XRP futures exposure, up from about 10% in mid-August.

    CME’s expanding share is significant because many institutional investors prefer—or are required—to trade through regulated venues instead of offshore cryptocurrency exchanges. The increase therefore provides a rough indication that more professional capital may be entering the $XRP futures market.