XRP News Today: Volatility Shares Launches First XRP Futures ETF in US

Volatility Shares is poised to introduce the first-ever XRP futures ETF in the US, as confirmed by a post-effective amendment filed with the SEC on May 21. This development was further validated by an ETF analyst, who noted the significance of this launch. The new fund, part of the Volatility Shares Trust, will be listed on the Nasdaq exchange under the ticker symbol XRPI. This ETF is designed to provide investors with exposure to the price movements of XRP, Ripple’s native asset, through cash-settled XRP futures contracts.

In addition to the XRPI ETF, Volatility Shares is also launching the Volatility Shares 2X XRP ETF, which will be traded under the ticker XRPT. This product is engineered to deliver twice the daily performance of XRP, offering leveraged exposure to XRP futures. This move positions Volatility Shares alongside Teucrium Investment Advisors, which recently introduced the Teucrium 2x Long Daily XRP ETF. This ETF aims to provide returns that are double those of XRP’s daily movements.

According to the analyst, Teucrium’s leveraged XRP ETF currently manages approximately $120 million in assets. The expert also noted that the daily trading volume for this ETF averages around $35 million, indicating a strong demand for XRP-related investment products. This positive market response suggests that there will likely be significant interest in Volatility Shares’ new offerings as well.

With the introduction of these new ETFs, Volatility Shares is expanding the range of investment options available to those interested in gaining exposure to XRP. The launch of the XRPI and XRPT ETFs represents a significant development in the cryptocurrency investment landscape, providing investors with more tools to participate in the market. The success of Teucrium’s leveraged XRP ETF serves as a positive indicator for the potential demand for Volatility Shares’ new products.