Volatility Shares launches first XRP futures ETF on Nasdaq

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Get Ready to Ride the XRP Rollercoaster! 🎢💸

So, guess what? Volatility Shares just dropped the first-ever XRP futures ETF on Nasdaq today! Yes, you heard that right! Now you can get your hands on some indirect exposure to XRP through regulated derivatives. Because who doesn’t love a little bit of crypto drama? 😏

According to a SEC filing dated May 21 (because, of course, they had to make it official), Volatility Shares, the U.S. firm that’s basically the mad scientist of ETFs—think leveraged and futures-based products tied to crypto—has launched the first-ever Ripple (XRP) futures exchange-traded fund today, May 22. The new shiny toy is listed on Nasdaq under the ticker $XRPI. It’s like the first pancake that actually turns out right! 🥞

This ETF, part of the Volatility Shares Trust (because “Trust” sounds so reassuring, doesn’t it?), will invest at least 80% of its net assets in XRP-linked instruments. That includes futures contracts traded on the Chicago Mercantile Exchange, via a subsidiary based in the Cayman Islands. Because why not throw in a tropical vacation vibe while we’re at it? 🌴

And wait, there’s more! Volatility Shares is also planning to introduce a leveraged 2x XRP futures ETF. Yes, you can double your fun and your risk! It’s aimed at delivering twice the daily performance of XRP futures. Because who doesn’t want to gamble with their money? 🎰

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, called the 1x XRP futures fund a “market first” in a post on X. He noted that its debut follows the successful launch of a 2x XRP futures ETF by Teucrium in April. That fund has already raked in $120 million in assets under management. Talk about a money magnet! 💰

Now, as if this wasn’t enough excitement, the rollout of these XRP-related financial products comes amid broader speculation that the SEC might actually approve spot XRP ETFs by the end of this year. Several firms, including Franklin Templeton, 21Shares, and Bitwise, are in a fierce competition to launch spot-based XRP funds. You know, the ones that actually hold XRP directly instead of playing with derivatives. How quaint! 😜

According to Polymarket, traders are placing the probability of a spot XRP ETF being approved in 2025 at a whopping 83%. Nate Geraci, president of The ETF Store, echoed that sentiment, stating, “I simply don’t see this SEC not approving a spot XRP ETF.” Well, Nate, let’s hope you’re right! 🤞

2x leveraged XRP ETF is *currently* live & trading…

I simply don’t see this SEC not approving spot XRP ETF.

And sooner, rather than later.

— Nate Geraci (@NateGeraci) April 16, 2025

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2025-05-22 15:58