Key Takeaways:
XRPI, the first U.S. XRP futures ETF, began trading on Nasdaq with a 0.94% net expense ratio.
The fund allocates 80%+ to XRP futures and related ETPs.
A leveraged 2x version is in development, following strong demand for Teucrium’s XXRP.
Analysts say this could pave the way for broader institutional adoption of XRP.
First U.S. XRP Futures ETF Launches on Nasdaq — Is Institutional Demand Heating Up?
XRP just took a major step toward Wall Street legitimacy as Volatility Shares launched the first U.S.-based exchange-traded fund (ETF) tracking XRP futures on a 1:1 basis. Trading under the ticker XRPI on Nasdaq, the fund aims to provide regulated exposure to XRP futures — a move expected to attract institutional investors and trigger renewed interest in XRP markets.
The fund will allocate at least 80% of its assets to XRP futures contracts and XRP-linked exchange-traded products (ETPs). The ETF’s net expense ratio is 0.94%, with a gross expense of 1.15%, according to its official prospectus.
XRP ETF Details: Fees, Structure & What’s Next
Volatility Shares is positioning XRPI as a non-leveraged, futures-based ETF, aiming to capture XRP’s performance without direct token exposure. According to the fund documentation:
Ticker: XRPI
Exchange: Nasdaq
Net Expense Ratio: 0.94%
Gross Expense Ratio: 1.15%
Portfolio Composition: 80%+ XRP futures & XRP-linked ETPs
A leveraged 2x XRP futures ETF is also in the pipeline, joining Teucrium’s XXRP, which launched in April and has already attracted $121 million AUM — a sign analysts interpret as strong demand for XRP-related institutional products.
Institutional Demand for XRP Funds Grows
Bloomberg senior ETF analyst Eric Balchunas called the early success of XXRP a “good signal” for XRPI’s future, noting that the crypto ETF space is evolving beyond Bitcoin and Ethereum. While spot XRP ETFs are still under review by the SEC, the launch of futures-based products may be a precursor to full market integration.
These developments align with recent macro trends:
Growing open interest in XRP futures
Rising demand for diversified crypto ETFs
What This Means for XRP Price & Crypto ETF Landscape
The XRPI launch could:
Provide regulated on-ramps for institutional exposure to XRP
Increase derivatives market activity, affecting spot prices indirectly
Accelerate SEC review pressure for spot XRP ETF approval
Strengthen XRP’s E-E-A-T profile in traditional financial circles
With over $2.2 billion already locked in XRP futures, the XRPI listing may push further capital toward XRP — especially if leveraged versions like the upcoming 2x ETF gain traction.
Expert Take:
“A futures-based XRP ETF on Nasdaq gives institutional investors a compliant way to gain XRP exposure, potentially unlocking a new wave of interest if performance follows.”
— Eric Balchunas, Bloomberg
