The news was written by leon ok watch
Edited by ankish jain
Volatility Shares announced on Thursday, May 22, 2025, the launch of the first U.S. ETF for XRP futures contracts with 1x leverage (i.e., without using leverage), under the trading symbol XRPI, which will trade on Nasdaq. The goal of this fund is to provide a less risky way for investors to track the price movement of XRP.
The new fund differs from the 2x leveraged XRP fund managed by Teucrium, which attracted over $120 million and trades daily with a volume of about $35 million, as XRPI offers direct exposure without multiplying gains or losses.
Additional Details:
The management fee is 1.15%, but it will decrease to 0.94% by May 2026.
The fund primarily invests in cash-settled XRP futures through a subsidiary in the Cayman Islands.
It allocates at least 80% of its assets to financial instruments linked to XRP.
Current XRP price analysis:
XRP is currently trading above the support level of $2.35.
If the $2.50 level is breached, the price may head towards $2.70 - $2.80.
If the price falls below $2.35, it may retest the $2.20 - $2.25 area, and could potentially drop further towards the 100-day moving average at $2.06.
The Relative Strength Index (RSI) is at 54, indicating neutral momentum.
Moving averages (20, 50, 100, 200 days) indicate bullish signals.
Additional Background:
The decision of the SEC regarding spot XRP funds is still pending, with a response expected on June 17.
The Chicago Mercantile Exchange (CME) also launched XRP futures on May 19, with $19 million traded on the first day.
