Deribit Options Trading Surge: Increased Interest in $1.1 XRP Call Options

According to recent reports, there has been a notable increase in trading activity for Ripple (XRP) call options on the popular crypto options trading platform Deribit. Among the various options being traded, those with a strike price of $1.1 and an expiry date of August 28th have garnered significant attention, accumulating a total open interest of 2.44 million. Experts attribute this surge in trading activity to growing anticipation for the potential introduction of a spot XRP exchange-traded fund (ETF). Griffin Ardern, an executive at crypto asset manager Blofin, has suggested that this increased trading volume reflects "rising expectations for a spot XRP ETF."