Get Ready to Ride the XRP Rollercoaster: First U.S. ETF Hits Nasdaq! 🎢💸

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What to know:

  • So, Volatility Shares decided to throw caution to the wind and launched the first non-leveraged U.S.-listed ETF tracking XRP futures. It’s trading under the oh-so-catchy ticker XRPI on Nasdaq. Because why not? 🤷‍♀️
  • This ETF comes with a net expense ratio of 0.94%. That’s right, folks! It invests primarily in XRP futures and XRP-linked exchange-traded products. Sounds fancy, doesn’t it? 💁‍♀️
  • And hold onto your hats, because a second product, a leveraged 2x XRP futures ETF, is also in the works. Apparently, people are really into XRP-based funds. Who knew? 🙄

In a groundbreaking moment that will surely be remembered in the annals of financial history (or at least until the next meme coin comes along), 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. 🎉

The Volatility Shares XRP ETF (XRPI) boasts a gross expense ratio of 1.15% and a net expense ratio after fee waivers of 0.94%. Because who doesn’t love a good fee? 💸

According to a prospectus that probably took longer to write than it did to launch, the fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked ETPs. Volatility Shares is also planning to launch a leveraged 2x XRP futures ETF, joining the Teucrium (XXRP), which opened for business in April. Because more is always better, right? 😏

XXRP has already pulled in a whopping $121 million in assets-under-management. Bloomberg’s senior ETF analyst Eric Balchunas called it a “good signal that there will be demand” for XRPI. So, if you’re not on this train, what are you even doing? 🚂💨

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2025-05-22 20:18