On Thursday, the Nasdaq welcomed the debut of the Volatility Shares XRP ETF (ticker: XRPI), the first U.S.-based exchange-traded fund to directly track XRP futures contracts.
Designed to invest at least 80% of its assets in XRP futures and other XRP-linked exchange-traded products, the fund offers investors a streamlined way to gain exposure to XRP price movements.
The ETF carries a gross expense ratio of 1.15%, which falls to 0.94% after fee waivers. This launch follows the recent introduction of Teucrium’s leveraged 2x XRP futures ETF (XXRP), which has accumulated $121 million in assets since its April launch.
Bloomberg senior ETF analyst Eric Balchunas noted that the strong asset inflows into XXRP signal robust demand, suggesting a promising outlook for XRPI’s adoption among investors.
