$XRP

First XRP futures ETF to launch May 22

Volatility Shares will launch 1x XRP futures ETF on May 22.

Volatility Shares will launch an XRP futures exchange-traded fund (ETF) on May 22, Bloomberg's senior ETF analyst Eric Balchunas informed on X.

It is the first 1x futures fund linked to XRP, and it will trade under the XRPI ticker, Balchunas added. "Good signal that there will be demand for this one."

nine XRP-tied spot ETF applications, including one by the Wall Street giant Franklin Templeton, still lie before the SEC.

Besides, Ripple's case with the SEC is still ongoing, with the court denying the settlement motion.

XRP, the fourth-largest cryptocurrency, was trading at $2.36 at press time, up 0.9% a day. .