Volatility Shares launches first XRP futures ETF on Nasdaq today

Volatility Shares launched the first XRP futures ETF ($XRPI) on Nasdaq today, with the product investing at least 80% of its net assets in XRP-related financial instruments. The company also plans to launch a 2x leveraged XRP futures ETF product.

Previously, the Chicago Mercantile Exchange (CME) introduced XRP futures and micro XRP futures contracts on May 19, providing institutional investors with a regulated channel to access XRP. Analysts expect that under the more favorable regulatory stance of the new SEC Chairman Paul Atkins, a spot XRP ETF is likely to be approved later this year, with a market expectation probability of 83%.