Institutional Demand for Spot XRP ETF Is Highly Underestimated – Nate Geraci Confirms

• CME XRP futures surpassed $1B in open interest in just three months, the fastest launch milestone in the exchange’s history.
• Multiple asset managers have updated filings for a spot XRP ETF, though BlackRock has ruled out participation for now.
• Rising futures demand and ETF speculation underscore strong institutional interest, with regulatory clarity key to XRP’s next phase.

CME Group has confirmed that XRP futures contracts have surpassed $1 billion in open interest, marking the fastest-ever derivatives product on the exchange to hit the milestone. According to market analyst Nate Geraci, the contract achieved this feat in just over three months, a record pace compared to other crypto futures launches.

Spot ETF Demand Could Be Underestimated

Geraci suggested that the current growth trajectory may be a signal that the market is underestimating the potential demand for spot XRP ETFs. If approved, spot-based products could unlock a new wave of capital inflows, similar to what has been seen with Bitcoin and Ethereum spot ETFs in other jurisdictions.

The XRP futures milestone comes as institutional interest in crypto derivatives continues to climb, with CME positioning itself as a leading platform for regulated exposure to digital assets. XRP’s performance in both derivatives and ETF markets may provide further momentum for the token, especially amid ongoing discussions around broader regulatory clarity in the United States.

Also Read: XRP Futures Surge as Market Interest Soars Past Solana

CME Group says xrp futures contracts have crossed over $1bil in open interest…

Fastest-ever contract to do so (took just over 3mos).

There’s already $800+mil in futures-based xrp ETFs.

Think people might be underestimating demand for spot xrp ETFs.

— Nate Geraci (@NateGeraci) August 26, 2025

Where XRP ETF Approval Currently Stand

Meanwhile, 36crypto previously reported that several asset managers, including GrayScale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree, have updated their filings for a spot XRP ETF.

James Seyffart, a Bloomberg analyst, noted that these filings came after discussions with the Securities and Exchange Commission (SEC). According to reports, the new filing was adjusted to enhance flexibility and adhere to regulatory requirements.

Amid the XRP ETF buzz, BlackRock, the largest asset manager globally, has failed to include its name in the race to secure XRP-backed ETFs. While speculations abound about a possible filing, BlackRock has reiterated that the company is only interested in Bitcoin and Ethereum ETFs, and has no plan, at least in the near future, to include XRP.

Outlook

XRP’s rapid rise in futures and ETF markets highlights growing institutional interest that could pave the way for wider adoption. While several asset managers are actively pursuing spot XRP ETF approval, the outcome will depend heavily on ongoing SEC deliberations.

For now, XRP remains at the center of investor speculation, with its future hinging on regulatory clarity and potential product launches.

Also Read: Gemini Surpasses Coinbase in App Rankings with Game-Changing XRP Card

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