ChainCatcher news: According to Cointelegraph, CME Senior Managing Director Tim McCourt said, “For the launch of XRP ETF, the first major step has been taken. CME has an XRP reference rate and real-time index. This is the first step in building this ecosystem. It has more than 50 real-time prices and reference rates. This is crucial for product providers like Bitwise because they can at least point to a fully regulated benchmark.”

A week ago, the U.S. Securities and Exchange Commission received an XRP ETF application from Canary Capital. Canary is the second provider to apply for an XRP ETF after Bitwise Asset Management.