According to Eric Balchunas, Bloomberg's ETF analyst, Volatility Shares will launch the XRPI ETF, which offers 1x exposure to XRP futures. Balchunas noted on social media that, while there is already a 2x leveraged XRP futures ETF, this will be the first to offer unleveraged exposure.
"The existing 2x XRP ETF manages $120 million in assets and trades around $35 million a day," Balchunas published. These figures reflect the growing demand for investment products based on XRP and suggest that the launch of XRPI could generate significant interest from both retail and institutional investors.
The 1x product is expected to be attractive to investors looking for less volatility than that offered by leveraged products.
While futures-based products are advancing, regulatory progress on spot XRP ETFs remains slow. The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on two separate proposals for spot XRP ETFs. These applications were submitted by asset managers 21Shares and Franklin Templeton.
The revised deadline for the SEC's decision is now set for June 17, 2025. The delay adds to a series of extensions related to spot ETFs linked to cryptocurrencies, as the regulatory body continues to review potential risks and market readiness.
Despite the delay, optimism around approval has grown, and the prediction market Polymarket shows that more than 80% of traders expect a spot ETF to gain approval at some point in 2025.
Institutional interest in XRP-related products continues to grow. The Teucrium 2x XRP ETF, which offers leveraged exposure to the price fluctuations of XRP, has amassed over $106 million in assets under management. This indicates a demand for exposure to XRP in structured financial products.
