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By Helene Braun|Edited by Stephen Alpher
May 22, 2025, 3:53 p.m.
- Volatility Shares launched the first non-leveraged U.S.-listed ETF tracking XRP futures, trading under the ticker XRPI on Nasdaq.
- The ETF carries a net expense ratio of 0.94% and invests primarily in XRP futures and XRP-linked exchange-traded products.
- A second product, a leveraged 2x XRP futures ETF, is also in the works as interest in XRP-based funds grows.
The first-ever U.S.-based exchange-traded fund (ETF) tracking XRP futures on a one-to-one basis started trading on the Nasdaq exchange on Thursday.
STORY CONTINUES BELOW
The Volatility Shares XRP ETF (XRPI) has a gross expense ratio of 1.15% and a net expense ratio after fee waivers of 0.94%.
The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked ETPs, according to a prospectus. Volatility Shares also plans to also launch a leveraged 2x XRP futures ETF where it would join the Teucrium (XXRP), which opened for business in April..
XXRP has so far pulled in $121 million in assets-under-management, which Bloomberg senior ETF analyst Eric Balchunased characterized as a “good signal that there will be demand” for XRPI.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
