Volatility Shares Launches First 1x XRP Futures ETF for U.S. Investors
Volatility Shares initiated trading of the first US-based exchange-traded funds (ETFs) associated with XRP futures on May 22, as announced in an official release.
The funds, XRPI and XRPT, are designed to track XRP futures contracts and are available on Nasdaq. XRPI provides standard exposure to XRP’s daily price fluctuations, while XRPT aims to achieve double the asset’s daily movements, not accounting for fees and expenses.
These offerings are designed for investors to trade XRP-related instruments without needing to manage wallets or interact directly with the underlying cryptocurrency.
Moreover, Volatility Shares highlighted that these products facilitate access to XRP exposure, simplifying complexities often tied to direct token ownership, such as issues related to wallet security or tax documentation.
Volatility Shares expanding its offerings into XRP futures follows previous launches of leveraged ETFs based on Bitcoin, Ethereum, and Solana.
The firm believes its experience in managing crypto-linked ETFs and its prompt reaction to new market introductions enables it to cater to investor demand through structures they are already familiar with.
CEO Justin Young remarked:
“While others are still figuring out how to approach new digital assets, our investors can already be positioned through familiar ETF structures.”
Comprehensive range of XRP products
The launch coincided with XRP futures starting to trade on the CME Group’s derivatives platform. On May 19, the CME noted over $15.6 million in total trading volume across its regular and micro XRP futures offerings.
Giovanni Vicioso, the global head of crypto products at CME Group, explained that the launch was driven by heightened interest in and adoption of the XRP Ledger (XRPL).
In addition, CME’s introduction of CFTC-regulated XRP derivatives laid a solid foundation for a possible spot XRP ETF approval. ETF Store president Nate Geraci observed on the launch date that the arrival of spot XRP ETFs in the US is “only a matter of time.”
The rollout of Volatility Shares XRP ETFs could enhance these chances for approval, which have already seen an uptick recently.
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