- Volatility Shares will launch the first 1x XRP futures ETF, XRPI, on May 22, trading on Nasdaq and investing mainly in XRP futures.
- This marks growing institutional interest in XRP, with several other leveraged ETFs and futures products also emerging.
Volatility Shares is set to launch the first 1x XRP futures exchange-traded fund (ETF) on May 22, creating fresh opportunities for investors seeking exposure to XRP through regulated financial products. Announced by Bloomberg’s senior ETF analyst Eric Balchunas on X, this ETF will trade under the ticker XRPI on Nasdaq, signaling growing institutional interest in the XRP ecosystem.
LATEST: Volatility Shares to debut $XRPI – the first 1x $XRP futures ETF – on May 22. pic.twitter.com/uBoz1DmI6e
— Roundtable Network (@RTB_io) May 21, 2025
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What Makes the XRPI ETF Unique?
This new fund stands out as the first 1x futures ETF directly linked to XRP. It will invest primarily—at least 80%—in XRP futures contracts via a wholly-owned subsidiary based in the Cayman Islands. This indirect investment structure allows the ETF to offer regulated and accessible XRP exposure without holding the underlying cryptocurrency directly.
Volatility Shares is also preparing to launch a 2x leveraged XRP futures ETF, which aims to provide twice the daily price return of XRP by doubling exposure to XRP futures contracts. This move indicates strong confidence in XRP’s market activity and demand for leveraged investment vehicles.
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Growing Landscape of XRP Futures ETFs
Volatility Shares is not alone in tapping the XRP futures market. Vermont-based Teucrium Investment Advisors has already introduced a 2x leveraged XRP futures ETF (XXRP). Launched on April 8, this fund recorded an impressive $5.43 million trading volume on its first day. Teucrium’s fund now manages $120 million in assets and trades about $35 million daily, highlighting significant investor appetite.
Moreover, ProShares plans to launch three additional XRP ETFs, including a 2x leveraged fund, an inverse 2x leveraged fund, and a short fund. These are currently awaiting SEC approval and would expand options for bullish and bearish XRP investors alike.
Regulatory Developments and Market Impact
The timing of these ETF launches coincides with a broader regulatory and market backdrop. The Chicago Mercantile Exchange (CME) introduced regulated XRP futures and micro futures on May 19, boosting the legitimacy and accessibility of XRP derivatives.
However, spot XRP ETFs remain pending approval by the SEC, including a notable application from Franklin Templeton. Meanwhile, Ripple’s ongoing legal battle with the SEC continues, with recent court rulings denying settlement motions, adding some regulatory uncertainty.
XRP Price Movement
At press time, XRP—the world’s fourth-largest cryptocurrency—traded at approximately $2.36, modestly up by 0.9% in the last 24 hours. The introduction of futures ETFs and increased market infrastructure may drive further institutional adoption and liquidity for XRP.
The XRPI ETF launch signals growing maturity in XRP investments. Meanwhile, regulatory hurdles and new futures contracts shape the evolving market.
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