Tim McCourt, Senior Managing Director at CME, stated that the launch of an XRP ETF has taken its first significant step forward. CME has XRP reference rates and real-time indices, which is the first step in building this ecosystem, with over 50 real-time prices and reference rates. This is crucial for providers like Bitwise, as they can now point to a fully regulated benchmark. A week ago, the US Securities and Exchange Commission received an XRP ETF application from Canary Capital, the second provider to apply for an XRP ETF after Bitwise Asset Management.