CME executive: XRP ETF already has key benchmark index
Tim McCourt, Senior Managing Director at CME, stated that the launch of an XRP ETF has taken its first significant step forward. CME has XRP reference rates and real-time indices, which is the first step in building this ecosystem, with over 50 real-time prices and reference rates. This is crucial for providers like Bitwise, as they can now point to a fully regulated benchmark. A week ago, the US Securities and Exchange Commission received an XRP ETF application from Canary Capital, the second provider to apply for an XRP ETF after Bitwise Asset Management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ChatGPT Says XRP Will Trade At This Price By January 31, 2025
Elon Musk’s Grok Says Cardano (ADA) Will Trade At This Price On January 31, 2025
BlockDAG’s Refer & Earn Program: Unlimited USDT Cashbacks for $30 Purchases! Explore TON & AVAX Prices Trends
Cosmos, Cardano, and Litecoin Poised for Explosive Moves in January