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First U.S. XRP Futures ETF Begins Trading on Nasdaq
The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked exchange-traded products.
Updated May 23, 2025, 5:17 p.m. Published May 22, 2025, 3:53 p.m.
What to know:
- Volatility Shares launched the first non-leveraged U.S.-listed ETF tracking XRP futures, trading under the ticker XRPI on Nasdaq.
- The ETF carries a net expense ratio of 0.94% and invests primarily in XRP futures and XRP-linked exchange-traded products.
- A second product, a leveraged 2x XRP futures ETF, is also in the works as interest in XRP-based funds grows.
The first-ever U.S.-based exchange-traded fund (ETF) tracking XRP futures on a one-to-one basis started trading on the Nasdaq exchange on Thursday.
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The Volatility Shares XRP ETF (XRPI) has a gross expense ratio of 1.15% and a net expense ratio after fee waivers of 0.94%.
The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked ETPs, according to a prospectus. Volatility Shares also plans to also launch a leveraged 2x XRP futures ETF where it would join the Teucrium (XXRP), which opened for business in April..
XXRP has so far pulled in $121 million in assets-under-management, which Bloomberg senior ETF analyst Eric Balchunased characterized as a “good signal that there will be demand” for XRPI.
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Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
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