The first U.S.-based exchange-traded fund (ETF) focused on XRP futures has officially begun trading on the Nasdaq as of Thursday.
Named the Volatility Shares XRP ETF (ticker: XRPI), the fund will allocate at least 80% of its portfolio to XRP futures contracts and shares of other XRP-related exchange-traded products (ETPs), as detailed in its prospectus.
XRPI carries a gross expense ratio of 1.15%, which drops to 0.94% after fee waivers.
In addition to XRPI, Volatility Shares is planning to introduce a leveraged 2x XRP futures ETF, positioning itself alongside the Teucrium (XXRP) XRP futures ETF, which launched in April.
XXRP has already attracted $121 million in assets under management. Bloomberg senior ETF analyst Eric Balchunas described this as a “positive indicator of strong demand” for XRPI.
