According to Wu, Volatility Shares will launch the first XRP futures ETF (code XRPI) on Nasdaq on May 22, and will indirectly invest in XRP futures through a Cayman Islands subsidiary. It plans to invest at least 80% of its net assets in XRP-related tools. At the same time, a 2x leveraged XRP futures ETF will also be launched. Bloomberg analyst Eric Balchunas said that Teucrium's 2x XRP product launched in April had a daily trading volume of US$35 million and an asset management scale of US$120 million, which shows the market demand for XRP products, and the new ETF is expected to be sought after.

#ETF #XRP