CME Group, the world's largest futures and option exchange, launched XRP futures a few days ago and joined cryptographic products, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) futures.
After the CME's XRP move, the spot XRP ETF took a step closer and another big move on XRP came.
There's a lot of movement going on in XRP!
Therefore, Volatility Shares will launch its first XRP Futures ETF on Nasdaq on May 22nd.
The company announced that the XRP ETF is listed on NASDAQ under the ticker XRPI and plans to invest at least 80% of the ETF's net worth in XRP-related products.
The XRPI ETF tracks the price of XRP futures, offers 1x leverage and cash retention.
Additionally, the company has announced plans to launch an XRP futures ETF with double leverage.
Bloomberg ETF analyst Eric Balknath said in a post from his X account that the volatility share XRP fund is the first in the market.
Teucrium Investment Advisors, an independent ETF publisher, previously launched a double-length Leveraged XRP ETF on April 8th at NYSE ARCA.
The leveraged ETF in question has $120 million in assets under management, with daily trading volumes of $35 million, Balchunas said.
“Teucrium data is a good indication that there is demand for XRP ETFs,” Balchunas said, referring to VolatilityShares' new ETFs.
*This is not investment advice.
