en.bitcoinsistemi.com
The world’s largest futures and options exchange, CME Group, launched $XRP futures a few days ago, joining its crypto offerings that include Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) futures.
After CME's $XRP move, a spot $XRP ETF is one step closer, and another big move regarding $XRP has come.
Big Moves Keep Coming For $XRP!
Accordingly, Volatility Shares will launch its first $XRP futures ETF on Nasdaq today, May 22.
The company announced that the $XRP ETF will be listed on Nasdaq under the ticker XRPI and that it plans to invest at least 80% of the ETF's net assets in $XRP-related products.
The XRPI ETF will track $XRP futures prices, offer 1X leverage, and be cash-settled.
Additionally, the company announced plans to launch an $XRP futures ETF with 2x leverage.
Bloomberg ETF analyst Eric Balchunas, in his post from his X account, said that Volatility Shares' $XRP fund is a first in the market.
Teucrium Investment Advisors, an independent ETF issuer, previously launched a 2x leveraged $XRP ETF on NYSE Arca on April 8.
The 2x leveraged ETF in question has $120 million in assets under management and a daily trading volume of $35 million, Balchunas said.
“Teucrium data is a good sign that there will be demand for the $XRP ETF,” Balchunas said, referring to VolatilityShares’ new ETF.
*This is not investment advice.