$XRP ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐จ๐จBreaking News๐ฅ๐ฅ๐ฅ Volatility Shares XRP Futures ETF Debuts Tomorrow on Nasdaq
Bloomberg ETF Analyst: Volatility Shares to Launch XRP Futures ETF "XRPI" Tomorrow
Bloomberg ETF analyst Eric Balchunas said Volatility Shares will launch the first XRP futures ETF tomorrow, with the ticker "XRPI." There's already a 2x XRP ETF on the market (it's the first 1x XRP ETF), with assets under management reaching $120 million and daily trading volume of $35 million. This is a good sign that there will be demand in the market.
Volatility Shares has confirmed the launch of the first XRP futures ETF in the United States this Wednesday (21st), with trading scheduled on the Nasdaq under the ticker symbol XRPI. This initiative marks a further step in the integration of crypto assets into the traditional financial market, allowing investors to gain indirect exposure to the performance of XRP through cash-settled futures contracts.
The fund, structured within the Volatility Shares Trust, will invest at least 80% of its assets in financial instruments linked to XRP, such as futures contracts. In addition, the following services will also be offered: Volatility Shares 2X XRP ETF (XRPT), aimed at providing twice the daily performance of XRP based on leveraged exposure.
Volatility Shares follows in the footsteps of Teucrium Investment Advisors, which recently launched the Teucrium 2x Long Daily XRP ETF, which now has $120 million under management and an average daily trading volume of about $35 million. โThatโs a good sign that there will be demand for it,โ Bloomberg ETF analyst Eric Balchunas said of the new offering.
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