XRP News Today: Volatility Shares Launches First US XRP ETFs on Nasdaq

Volatility Shares has introduced the first US-based exchange-traded funds (ETFs) linked to XRP futures, marking a significant development in the cryptocurrency investment landscape. The funds, named XRPI and XRPT, began trading on May 22 and are listed on Nasdaq. XRPI offers one-to-one exposure to XRP’s daily performance, while XRPT aims to deliver double the digital asset’s daily movement, excluding fees and expenses. These products are designed to allow market participants to trade XRP-linked instruments without directly managing wallets or engaging with the underlying token.

Volatility Shares emphasized that these ETFs provide access to XRP exposure without the complexities often associated with direct token ownership, such as wallet security or tax reporting requirements. This move follows the firm's earlier launches of leveraged Bitcoin, Ethereum, and Solana-based ETFs, demonstrating its experience in managing crypto-linked ETFs and its ability to respond rapidly to new market listings. According to the firm, its experience and quick response to new market listings position it to meet investor demand through familiar structures.

The launch of these XRP ETFs comes at a time when interest in XRP and the XRP Ledger (XRPL) is growing. The CME Group’s derivatives platform began trading XRP futures on May 19, recording more than $15.6 million in combined trading volume across its standard and micro XRP futures offerings. Giovanni Vicioso, the global head of crypto products at CME Group, stated that the launch was motivated by the growing interest in and adoption of the XRP Ledger. Furthermore, the launch of CFTC-regulated XRP derivatives by CME provided a firm footing for a potential spot XRP ETF approval. ETF Store president Nate Geraci noted on the launch date that spot XRP ETFs coming to the US is “only a matter of time.” The launch of Volatility Shares XRP ETFs could increase these approval odds, which have already been boosted recently.

CEO Justin Young highlighted the firm's proactive approach, stating, “While others are still figuring out how to approach new digital assets, our investors can already be positioned through familiar ETF structures.” This initiative underscores Volatility Shares' commitment to providing investors with innovative and accessible ways to engage with the cryptocurrency market, leveraging its expertise in managing crypto-linked ETFs to meet the evolving needs of investors.