1. ETF Institute co-founder Nate Geraci predicts high demand for spot XRP ETFs due to XRP futures contract success at CME.
2. CME reports XRP futures contract surpassing $1 billion in open interest, reaching milestone in just over three months, signaling market maturity.
3. Experts foresee XRP ETF approval with robust CFTC-regulated futures market, with seven XRP ETF applications pending SEC approval.
4. Polymarket places 84% odds on spot XRP ETF approval, but final decision expected around October deadline.
5. Futures-based XRP products already hold $800 million in assets, with potential for spot XRP ETFs to attract billions in first year.
6. Spot ETFs could boost XRP price, similar to Bitcoin and Ethereum, with XRP currently trading at $3. 1. The stock market reached record highs today, with the S&P 500 closing at an all-time high of 4,200 points. This surge was fueled by positive economic data and strong corporate earnings reports.
2. In international news, tensions escalated between Russia and Ukraine as Russian troops massed along the border. The United States and European Union condemned the military build-up, calling for a peaceful resolution to the conflict.
3. Scientists announced a major breakthrough in cancer research, revealing a new treatment that has shown promising results in clinical trials. The therapy targets specific genetic mutations in cancer cells, offering new hope for patients with advanced forms of the disease.
4. The Biden administration unveiled a $2 trillion infrastructure plan aimed at rebuilding America’s roads, bridges, and public transportation systems. The proposal also includes investments in clean energy and broadband access, with the goal of creating millions of new jobs.
5. In entertainment news, the highly anticipated film “Black Widow” is set to premiere in theaters and on streaming platforms simultaneously this summer. The Marvel movie stars Scarlett Johansson reprising her role as Natasha Romanoff, aka Black Widow, in a standalone adventure.
Read more at Yahoo Finance: ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record