NewsDialy

XRP Slides to $1.10 Despite CME Index Futures Launch and SBI Bank Crypto Interest Pilot

6/17/2026

XRP ($XRP) fell to $1.10 even as two institutional moves broke in its favor: CME Group launched a Nasdaq CME Crypto Index Futures contract that includes XRP alongside Bitcoin ($BTC) in a basket of major tokens, and SBI Bank began piloting a crypto interest product.

XRP-linked exchange-traded funds recorded $7.4 million in net inflows over the same period.

CME's Index Futures: What the New Contract Does An index futures contract lets a trader take a position on a group of assets at once rather than buying each token individually — similar in structure to a stock-index future, but tracking digital assets.

CME Group describes the purpose as broadening institutional access to crypto markets.