Volatility Shares began trading the first US-based exchange-traded funds (ETFs) linked to XRP futures on May 22, according to an official announcement.
The funds, XRPI and XRPT, track XRP futures contracts and are listed on Nasdaq. XRPI offers one-to-one exposure to XRP’s daily performance, while XRPT aims to deliver double the digital asset’s daily movement, excluding fees and expenses.
Both products are structured to allow market participants to trade XRP-linked instruments without directly managing wallets or engaging with the underlying token.
Additionally, Volatility Shares emphasized that the products offer access to XRP exposure without the complexities often associated with direct token ownership, such as wallet security or tax reporting requirements.
Volatility Shares’ expansion into XRP futures follows its earlier launches of leveraged Bitcoin, Ethereum, and Solana-based ETFs.
According to the firm, its experience managing crypto-linked ETFs and rapid response to new market listings position it to meet investor demand through familiar structures.
CEO Justin Young said:
“While others are still figuring out how to approach new digital assets, our investors can already be positioned through familiar ETF structures.”
Broad offering of XRP products
The launch comes days after XRP futures began trading on the CME Group’s derivatives platform. On May 19, CME recorded more than $15.6 million in combined trading volume across its standard and micro XRP futures offerings.
Giovanni Vicioso, the global head of crypto products at CME Group, stated that the launch was motivated by growing interest in and adoption of the XRP Ledger (XRPL).
Furthermore, CME’s launch of CFTC-regulated XRP derivatives provided a firm footing for a potential spot XRP ETF approval. ETF Store president Nate Geraci noted on the launch date that spot XRP ETFs coming to the US is “only a matter of time.”
The launch of Volatility Shares XRP ETFs could increase these approval odds, which have already been boosted recently.
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