🔥Volatility Shares launches the futures ETF $XRP
Today, Ripple supporters will celebrate a new milestone: Volatility Shares is launching the XRP futures ETF under the ticker symbol XRPI on the CME.
When the Bitcoin and Ethereum futures ETFs were launched on the CME years ago, the U.S. SEC subsequently approved spot ETFs. The approval of spot Bitcoin ETFs boosted valuations, amplifying gains even for some cryptocurrencies x1000.
The arrival of XRPI in the market today will allow institutions to gain exposure, which will directly enhance the legitimacy of XRP. The XRPI ETF will track the prices of XRP futures, offer 1X leverage, and will be cash-settled.
It offers a less volatile and lower-risk alternative to the current Teucrium XRP ETF (XXRP) with 2X leverage. The product is listed on NYSE Arca, currently with a net asset value of $34.92 and total net assets of over $119 million.
The low leverage ensures consistent exposure to XRP without the amplified swings common in leveraged products, reducing the liquidation risks seen in perpetual products on exchanges like OKX and Bybit. This launch comes amid growing optimism about regulatory clarity for crypto in the United States and increasing chances of a spot XRP ETF being approved by the end of the year.
On Polymarket, the probability that the SEC will approve the first spot XRP ETF in the United States has risen to 83%, up from 63% in mid-January 2025.