# CME Group Launches XRP Futures ETF Today: Impact on XRP
## Introduction
The continuous efforts of Ripple’s XRP to promote mainstream adoption have garnered significant attention despite recent hurdles. In an exciting development, CME Group has introduced the XRP futures ETF today, marking a significant milestone for the XRP community and signaling positive advancements for the digital asset.
## Details of the Launch
Today (May 19), the renowned derivatives marketplace, Chicago Mercantile Exchange (CME) Group, has launched XRP futures and Micro XRP futures. These futures are available in two contract sizes: a micro contract covering 2,500 tokens and a standard contract encompassing 50,000 tokens, all tied to the CME CF XRP-Dollar Reference Rate.
## Implications of the Launch
In response to this launch, legal expert Bill Morgan noted that these “cash-settled futures contracts” have the potential to drive institutional demand for XRP in various ways. The introduction of XRP futures on a respected platform like CME Group is expected to enhance the coin’s acceptance among institutional investors and contribute to its overall adoption.
## Conclusion
The launch of XRP futures ETF by CME Group represents a significant step forward for XRP, offering increased opportunities for investment and bolstering its status in the digital asset space. This move underlines a positive trend for XRP adoption and institutional interest, setting the stage for further growth and development in the cryptocurrency market.