Volatility Shares is set to launch the first-ever XRP Futures ETF on May 22, with the ticker XRPI. This signals a growing interest in **XRP** and could be a significant development for the token’s future in the market.
According to a recent filing with the U.S. Securities and Exchange Commission (SEC) on May 21, the fund will begin trading on Nasdaq. This will be the first 1x futures ETF tied to **XRP**, offering investors a regulated way to invest in the asset. The fund will invest in **XRP** futures through a subsidiary based in the Cayman Islands, with at least 80% of its assets linked to **XRP**-related investments.
Industry analysts, such as Eric Balchunas from Bloomberg, view this move as a positive sign of increasing demand from traders and institutions. Futures products like this bring more liquidity to the market and allow for both bullish and bearish positions, making trading more flexible. This could pave the way for a spot ETF for **XRP** in the future.
In addition to the 1x **XRP** Futures ETF, Volatility Shares also plans to launch a 2x **XRP** futures ETF, providing investors with double the daily price gains of **XRP** through leveraged exposure to **XRP** futures. Another company, Teucrium Investment Advisors, recently launched a 2x **XRP** futures ETF, which traded $5.43 million on its debut.
While the CME has introduced regulated **XRP** futures and micro **XRP** futures, approvals for spot **XRP** ETFs are still pending. The SEC has delayed decisions on proposed spot **XRP** ETFs from Grayscale and 21Shares. Analysts predict that spot **XRP** ETFs may be approved in early Q4 this year, with a high chance of approval according to the Polymarket prediction platform.
The crypto market is currently on the rise, with Bitcoin surpassing its previous all-time high. Bitcoin is trading at $111,424, up over 4% in the last day, while **XRP** has also seen an increase of over 2%, currently trading at $2.42.
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