CME executive: XRP ETF launch is an important step forward

Tim McCourt, senior managing director of CME, said that an important step has been taken towards the launch of the XRP ETF. CME has an XRP reference rate and real-time index, which 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. (Cointelegraph)