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Top derivatives firm, CME Group, is set to launch XRP futures in May, offering more options for traders in the digital asset market.
The Chicago Mercantile Exchange (CME) Group denied plans to launch futures contracts for Ripple’s XRP or Solana (SOL) after a beta page mistakenly went public.
Deribit’s futures market shows that traders and investors have rested their hopes on Bitcoin and its potential growth in the coming months.
The Canary XRP ETF would track the XRP price by using the Chicago Mercantile Exchange (CME) CF Ripple index and would avoid derivatives product for tracking.
On-chain data shows that short-term Bitcoin holders are currently holding the largest unrealized losses since the FTX implosion.
JPMorgan’s report shows limited de-risking by institutional investors in bitcoin futures. Their futures position indicator confirms this confidence, tracking open interest in CME Bitcoin futures.
The listing of a CSOP’s financial product is an addition to Hong Kong’s ongoing efforts to diversify its financial products and become a central hub for crypto business.
CME Group announced that the new XRP and Internet Computer reference rates are designed to provide the US dollar price of each digital asset.
The key game-changer in Hidden Road’s recent double announcement is its expanded use of BlackRock’s BUIDL token.
The NYSE President stated that the successful launch of the spot Bitcoin ETFs in the US has already validated the demand for crypto products. She added that NYSE would wait for clear regulatory guidelines before venturing in this market.
The hedge funds’ significant short positions could have several implications for the broader market. Most likely, it can exert downward pressure on prices.
Soon after the 19b-4 approval by the US SEC, VanEck Investments swung into action by releasing a 37-second advertisement swaying viewers to “Enter the ether”.
Coinbase stock came under strong selling pressure on Thursday, as giant CME Group announced its plans to offer spot Bitcoin trading. This regulated platform could provide tough competition to Coinbase amid its ongoing SEC battle.
CME Group aims to tap into the growing interest in Bitcoin among major players in the financial sector to establish a regulated marketplace that offers users direct exposure to the kingcoin.
Analysts are bullish for Bitcoin to hit new all-time highs, amid the strong bounce back, before the Bitcoin halving event 2024 in April.