So, guess what? Volatility Shares, the investment company that sounds like it’s always on a rollercoaster, is launching the first-ever XRP futures ETF on May 22! 🎢 This juicy tidbit comes straight from Eric Balchunas, a senior ETF analyst at Bloomberg, who probably has a crystal ball for these things.
This isn’t just any old launch; it’s the first of its kind in the crypto world! Volatility Shares is stepping up to the plate with XRP-based investment products. I mean, who doesn’t want to invest in something that sounds like a futuristic currency from a sci-fi movie? 🚀
VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI… yes, there is a 2x XRP already on the market (this is the first 1x) and it has $120m AUM and trades $35m/day. Good signal that there will be demand for this one.
— Eric Balchunas (@EricBalchunas) May 21, 2025
First 1x XRP futures ETF sees debut
Mark your calendars, folks! This investment product is hitting the market just two days after XRP futures made their grand entrance on CME. Talk about timing! ⏰
Apparently, the launch of XRP futures on CME has opened the floodgates for institutional investors to dive into the world of XRP futures contracts. Because who wouldn’t want to securely leverage something that sounds like it’s from the future? 🤖
While the crypto market is buzzing with speculation, institutions are already hopping on this bandwagon, giving XRP a chance to strut its stuff as the third-largest cryptocurrency by market cap. 💃
According to our friend Balchunas, the fund will trade under the ticker XRPI, which sounds like a fancy robot but is actually part of the Volatility Shares Trust fund. 🤖💼
This bold move comes just a month after Tectrium launched its XRP-based investment product, the Tectrium 2x Long Daily XRP ETF. Because why not have a little competition, right? 🥊
Balchunas did mention the existence of this 2x Long Daily XRP ETF, which aims to double the daily gains projected by XRP. Because who doesn’t want to gamble on doubling their money? 🎰
But let’s not forget, the Volatility Shares launch is the first 1x XRP futures ETF, which is like the cool kid in school that everyone wants to be friends with. 😎
While the Tectrium 2x Long Daily XRP ETF is already flexing with $120 million in assets and a whopping $35 million daily trading volume, Balchunas is convinced that this new 1x XRP futures ETF will boost investor confidence and create a demand frenzy. 📈
And let’s be real, Volatility Shares is all about giving its investors returns based on XRP market gains. Because who doesn’t want to ride the wave of crypto gains? 🌊
Spot XRP ETF next
Now, about that U.S. SEC decision on the proposed spot XRP ETF… still waiting, folks! But market participants and experts are practically on the edge of their seats, convinced that the launch is just around the corner. 🕵️♂️
With all the recent developments in the Ripple ecosystem, it seems like XRP is gearing up for more institutional demand. Some speculators are even whispering that these developments might just be the golden ticket for the spot XRP ETF to get SEC approval. 🎟️
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2025-05-22 00:44