CME Group, the world’s largest futures and options exchange, launched XRP futures a few days ago, joining crypto products that include Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) futures.
Following CME’s move, as spot XRP ETF comes one step closer, another major move regarding XRP has arrived.
Big Moves Keep Coming for XRP!
Accordingly, Volatility Shares will launch the first XRP futures ETF on Nasdaq today, May 22nd.
The company announced that the XRP ETF will be listed on Nasdaq under the XRPI code and that the ETF plans to invest at least 80% of its net assets in XRP-related products.
The XRPI ETF will track XRP futures prices, offer 1X leverage, and will be paid in cash.
The company also announced that it plans to launch a 2x leveraged XRP futures ETF.
Bloomberg ETF analyst Eric Balchunas stated in a post from his X account that Volatility Shares’ XRP fund is a first in the market.
Previously, Teucrium Investment Advisors, an independent ETF issuer, launched a 2x leveraged XRP ETF on April 8th on NYSE Arca.
Balchunas stated that the 2x leveraged ETF in question has $120 million in assets under management and a daily trading volume of $35 million.
Referring to VolatilityShares’ new ETF, Balchunas said, “Teucrium data is a good sign that there will be demand for the XRP ETF”.
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