The crypto world just hit another milestone! The first-ever U.S.-based exchange-traded fund (ETF) tied directly to $XRP futures has officially started trading on the Nasdaq — and yes, this is huge for XRP fans like us.r
This new ETF, called the Volatility Shares XRP ETF (ticker: XRPI), offers one-to-one exposure to XRP futures. It comes with a gross expense ratio of 1.15%, but thanks to some fee waivers, the net expense ratio drops to 0.94% — not bad for those looking to get in early.
What’s interesting is that at least 80% of the fund's assets will be invested in XRP futures contracts and shares of other XRP-linked ETPs, according to its official prospectus. Basically, it's designed to give strong, focused exposure to XRP — something the market hasn't seen in this form before.
But wait, there's more. Volatility Shares isn’t stopping here — they’re already planning a leveraged 2x XRP futures ETF, which could amplify gains (or losses) for traders who want to take things to the next level. This move would place them alongside Teucrium’s XXRP, another XRP futures ETF that launched back in April.
Speaking of XXRP, it's already pulled in $121 million in assets under management, and Bloomberg’s senior ETF analyst Eric Balchunas called it a “good signal that there will be demand” for more XRP-related investment products.
This is a big step forward for mainstream adoption of $XRP and crypto ETFs in general. It's exciting to see how traditional finance is starting to embrace what we've been passionate about for years!