First XRP Futures ETF to Be Launched by Volatility Shares

Volatility Shares to Launch First-Ever XRP Futures ETF

In a groundbreaking move, investment firm Volatility Shares announced plans to launch the first-ever XRP futures exchange-traded fund (ETF) on May 22. Bloomberg senior ETF analyst Eric Balchunas first revealed this development.

This marks a significant milestone for cryptocurrency markets as Volatility Shares becomes the first company to offer XRP-based investment products. The new ETF will trade under the ticker XRPI as part of the Volatility Shares Trust fund.

The launch follows closely after XRP futures debuted on the Chicago Mercantile Exchange (CME) just two days prior, signaling growing institutional interest in the asset. This ETF will provide institutional investors with regulated access to XRP futures contracts.

While the SEC continues reviewing proposals for a spot XRP ETF, market observers suggest this futures ETF could pave the way for eventual approval by demonstrating institutional demand. The development comes amid increasing activity in the Ripple ecosystem.

Notably, this will be the first 1x XRP futures ETF. Tectrium previously launched a 2x Long Daily XRP ETF that has already attracted $120 million in assets with $35 million in daily trading volume - metrics that bode well for the new product's potential adoption.

These developments position XRP for greater institutional participation and could contribute to sustained positive momentum in the cryptocurrency's market performance.