Unit 4 · Rules and markets
How do I read the ETF and CME numbers?
- 2 min read
- 2 sections
- 3 questions · +25 XP
ETF figures are XRP actually bought and held; CME is open futures contracts. Different things.
ETF holdings
The sum of daily holdings US spot ETF issuers publish. Canary only publishes net assets, so it is in the dollar total but not the XRP total.
A rise means the issuer bought and stored more XRP, reported with a one-day lag.
Bitwise publishes its custody wallet addresses, so we read those balances straight from the ledger, match them to the filing, and chart weekly changes since launch.
CME open interest
Published by the CFTC every Friday for the prior Tuesday. One contract is 50,000 XRP. Each has a buyer and a seller, so a rise shows more institutional participation, not more buying.
See it on the site
Related terms
- Spot ETF
- A fund that buys and holds real XRP and trades like a stock. Issuers publish holdings daily.
- Open interest
- Futures contracts still open. Each has a buyer and a seller, so a rise does not mean more buying.