The world’s largest futures and options exchange, CME Group, launched XRP futures a few days ago, joining its crypto offerings that include Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) futures.
After CME's XRP move, a spot XRP ETF is one step closer, and another big move regarding XRP has come.
Big Moves Keep Coming For XRP!
Accordingly, Volatility Shares will launch its first XRP futures ETF on Nasdaq today, May 22.
The company announced that the XRP ETF will be listed on Nasdaq under the ticker XRPI and that it plans to invest at least 80% of the ETF's net assets in XRP-related products.
The XRPI ETF will track XRP futures prices, offer 1X leverage, and be cash-settled.
Additionally, the company announced plans to launch an XRP futures ETF with 2x leverage.
Bloomberg ETF analyst Eric Balchunas, in his post from his X account, said that Volatility Shares' XRP fund is a first in the market.
Teucrium Investment Advisors, an independent ETF issuer, previously launched a 2x leveraged XRP ETF on NYSE Arca on April 8.
The 2x leveraged ETF in question has $120 million in assets under management and a daily trading volume of $35 million, Balchunas said.
“Teucrium data is a good sign that there will be demand for the XRP ETF,” Balchunas said, referring to VolatilityShares’ new ETF.
*This is not investment advice.
