New XRP futures ETFs debut as Ripple-SEC case meanders

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Volatility Shares launched XRP futures exchange-traded funds (ETFs) on Nasdaq on May 22.

The XRP futures ETF is a type of financial instrument that trades on traditional stock exchanges and provides exposure to the futures contracts of XRP, instead of the cryptocurrency itself. A futures contract is a legal agreement to trade a particular asset at a predetermined price in the future.

Volatility Shares Trust XRP ETF (XRPI) is the first-ever futures ETF linked to XRP. On its debut on May 22, the fund opened at $15.88 and closed at $15.81.

The ETF issuer also launched the Volatility Shares Trust XRP 2X ETF (XRPT) on the same day. The 2x XRP futures ETF offers twice the daily price appreciation of XRP through twice leveraged exposure to XRP futures. It opened at $15.46 and closed at $15.41 on its debut.

Other futures ETFs tied to XRP should also be looked at.

Teucrium Investment Advisors' 2x XRP futures ETF (XXRP), already launched on Apr. 8, opened at $37 and closed at $36.80 on May 22.

The launches of these futures ETFs tied to XRP in such a flurry have ignited hopes that the nine XRP-tied spot ETFs will also soon debut in the market. However, the Securities and Exchange Commission (SEC) is yet to take any action on these applications.

Besides, the SEC's legal case with Ripple reached a shocking dead end recently as the court denied their joint settlement motion on May 15.

With a market cap of $142 billion, XRP is the fourth-largest cryptocurrency in the world. XRP was trading at $2.42 at press time, up 12% over a day.

New XRP futures ETFs debut as Ripple-SEC case meanders first appeared on TheStreet on May 22, 2025

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