Volatility Shares has launched the first-ever XRP futures ETF on Nasdaq today, offering investors indirect exposure to XRP through regulated derivatives for the first time. According to a SEC filing dated May 21, Volatility Shares, a U.S. firm specializing in innovative ETFs —including leveraged and futures-based products tied to crypto, is launching the first-ever Ripple ( XRP ) futures exchange-traded fund today, May 22. The new product, listed on Nasdaq under the ticker $XRPI, is the first ETF of its kind to offer indirect exposure to XRP through futures contracts. The ETF, part of the Volatility Shares Trust, will invest at least 80% of its net assets in XRP-linked instruments, including futures contracts traded on the Chicago Mercantile Exchange, via a subsidiary based in the Cayman Islands. In addition to the standard product, Volatility Shares also plans to introduce a leveraged 2x XRP futures ETF, aimed at delivering twice the daily performance of XRP futures. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, called the 1x XRP futures fund a “market first” in a post on X, noting that its debut follows the successful launch of a 2x XRP futures ETF by Teucrium in April. That leveraged fund has already amassed $120 million in assets under management and sees daily trading volumes around $35 million, an encouraging signal for demand. You might also like: Analysts project high approval odds for pending crypto ETFs as SEC delays mount The rollout of these XRP-related financial products comes amid broader speculation that the SEC could approve spot XRP ETFs by the end of this year. Several firms, including Franklin Templeton , 21Shares, and Bitwise, are vying to launch spot-based XRP funds, which would hold XRP directly rather than rely on derivatives. According to Polymarket , traders are placing the probability of a spot XRP ETF being approved in 2025 at 83%. Nate Geraci, president of The ETF Store, echoed that sentiment, stating , “I simply don’t see this SEC not approving a spot XRP ETF. 2x leveraged XRP ETF is *currently* live & trading… I simply don’t see this SEC not approving spot XRP ETF. And sooner, rather than later. — Nate Geraci (@NateGeraci) April 16, 2025 You might also like: 21Shares launches ETP giving exposure to Crypto.com’s CRO
