XRP Futures Heat up as Nasdaq Welcomes XRPI and XRPT in Major ETF Debut

CN
11 hours ago

Volatility Shares introduced two new exchange-traded funds (ETFs) on May 22—XRPI and XRPT—marking a significant milestone for investors seeking streamlined access to XRP markets through conventional brokerage accounts. The funds, listed on Nasdaq, are designed to provide exposure to XRP price movements without the technical burdens typically associated with digital asset investments. XRPI offers 1:1 price tracking, while XRPT delivers leveraged 2x daily exposure to XRP’s performance, each tailored to different investment strategies.

In a statement outlining the fund’s goals, Volatility Shares emphasized XRPI’s simplified structure for traditional investors:

XRPI eliminates the barriers of direct cryptocurrency investment—no digital wallets to manage, no private keys to secure, no crypto exchanges to navigate, and no complicated tax reporting.

This ETF seeks to provide a bridge between the growing interest in digital assets and the ease of regulated financial instruments. As of its launch, XRPI traded at a net asset value (NAV) of $15.59 and included futures contracts to replicate XRP’s market behavior, while avoiding direct ownership of the digital currency.

On the other hand, XRPT is intended for short-term traders aiming for higher returns by mirroring double the daily price movements of XRP. Its initial NAV was $15.00, backed by nearly $3 million in XRP futures holdings. Volatility Shares described the fund’s purpose as follows:

XRPT provides sophisticated traders with 2x amplified exposure to XRP price movements without the investment complexities of margin accounts or direct cryptocurrency management.

Although both funds offer entry points into the XRP market via the traditional ETF format, they carry considerable risk, especially due to the volatility of XRP futures. Nonetheless, advocates point out that these ETFs make it easier for mainstream investors to diversify into the digital asset sector without grappling with the operational hurdles of owning cryptocurrency directly.

Rising institutional demand for regulated crypto products has fueled the growth of XRP futures trading. CME Group launched its XRP futures on May 19, offering both standard and micro cash-settled contracts. Momentum also stems from perceived regulatory clarity following the U.S. Securities and Exchange Commission (SEC)’s proposed settlement with Ripple—though the court has not yet approved the deal—leaving final resolution pending but contributing to a more confident trading environment.

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