CME Group, the world's largest futures exchange operator, has the data and infrastructure necessary to launch a spot exchange-traded fund (ETF) for Ripple (XRP), according to Tim McCourt, the company's Global Head of Equity and FX Products. McCourt made his remarks at the ongoing Ripple Swell conference in Florida, where he highlighted the growing interest in crypto ETFs among investors. "The crypto industry has seen a lot of growth since the introduction of ETFs," he said. "There have been increases in open interest since they launched, and there have even been futures products launched based on those." As previously reported, crypto investment firm Canary Capital filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot XRP ETF. CME's announcement suggests that it could be a potential partner for such a product. CME currently operates reference rates and a real-time index for XRP, which would be the first step in building a spot ETF for the cryptocurrency. McCourt said that CME is "open to exploring" the possibility of launching such a product.

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