On May 22, 2025, Volatility Shares launched the first-ever XRP futures exchange-traded fund (ETF) in the United States. Trading under the ticker XRPI, this new fund is now live on the Nasdaq, giving investors a regulated way to gain exposure to XRP without actually owning the asset.
Unlike leveraged products that carry higher risk, XRPI provides XRPs straightforward 1x exposure which is favorable to large-scale investors as well as conservative traders.
The ETF will put at least 80% of its money into XRP futures contracts on the CME, along with other XRP-related investments. With a net charge ratio of 0.94%, it clearly shows XRP’s acceptance within mainstream finance is increasing.
The launch comes only days after the CME Group debuted XRP futures, which saw over $19 million in trading volume on their first day, proving that institutions are paying attention.
As XRP gets more acceptance in regulated markets, projects using the XRP Ledger, like XRP Healthcare, could see better liquidity, more trust from investors, and wider adoption.
However, This move also raises questions about the future of a spot XRP ETF, which still needs approval from the SEC. But with the success of Bitcoin spot ETFs already on the market, many are wondering if XRP could be next.
Volatility Shares has also hinted at plans for a 2x leveraged XRP ETF, joining the likes of Teucrium’s XXRP, which already manages over $120 million. But by starting with an unleveraged option, they’re aiming at investors who want a more stable and regulated way into crypto.
