Nasdaq Welcomes Inaugural U.S. XRP Futures ETF to Market

The first U.S.-based ETF tracking XRP futures directly began trading on Nasdaq this Thursday, marking a new milestone for crypto-focused investment products.

Volatility Shares launched the Volatility Shares XRP ETF (XRPI), which will allocate at least 80% of its holdings to XRP futures contracts and other XRP-related exchange-traded products.

With a gross expense ratio of 1.15% and a net expense ratio of 0.94% after fee waivers, the fund aims to provide investors with targeted exposure to XRP’s price movements.

Volatility Shares is also preparing to introduce a leveraged 2x XRP futures ETF, following in the footsteps of Teucrium’s XXRP, which debuted in April and has since attracted $121 million in assets.

Bloomberg ETF analyst Eric Balchunas sees this growing interest as a clear indicator of strong demand for XRP futures ETFs in the U.S. market.