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Volatility Shares launches first XRP futures ETF on Nasdaq
NFT Gaming

Volatility Shares launches first XRP futures ETF on Nasdaq

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Volatility Shares has launched the first-ever XRP futures ETF on Nasdaq today, offering investors indirect exposure to XRP through regulated derivatives for the first time.

According to a SEC filing dated May 21, Volatility Shares, a U.S. firm specializing in innovative ETFs —including leveraged and futures-based products tied to crypto, is launching the first-ever Ripple (XRP) futures exchange-traded fund today, May 22. The new product, listed on Nasdaq under the ticker $XRPI, is the first ETF of its kind to offer indirect exposure to XRP through futures contracts.

The ETF, part of the Volatility Shares Trust, will invest at least 80% of its net assets in XRP-linked instruments, including futures contracts traded on the Chicago Mercantile Exchange, via a subsidiary based in the Cayman Islands. In addition to the standard product, Volatility Shares also plans to introduce a leveraged 2x XRP futures ETF, aimed at delivering twice the daily performance of XRP futures.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, called the 1x XRP futures fund a “market first” in a post on X, noting that its debut follows the successful launch of a 2x XRP futures ETF by Teucrium in April. That leveraged fund has already amassed $120 million in assets under management and sees daily trading volumes around $35 million, an encouraging signal for demand.

The rollout of these XRP-related financial products comes amid broader speculation that the SEC could approve spot XRP ETFs by the end of this year. Several firms, including Franklin Templeton, 21Shares, and Bitwise, are vying to launch spot-based XRP funds, which would hold XRP directly rather than rely on derivatives.

According to Polymarket, traders are placing the probability of a spot XRP ETF being approved in 2025 at 83%. Nate Geraci, president of The ETF Store, echoed that sentiment, stating, “I simply don’t see this SEC not approving a spot XRP ETF.

2x leveraged XRP ETF is *currently* live & trading…

I simply don’t see this SEC not approving spot XRP ETF.

And sooner, rather than later.

— Nate Geraci (@NateGeraci) April 16, 2025





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First XRP Futures ETF to Be Launched by Volatility Shares
NFT Gaming

First XRP Futures ETF to Be Launched by Volatility Shares

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  • First 1x XRP futures ETF sees debut
  • Spot XRP ETF next

Renowned investment company Volatility Shares will be launching the first-ever XRP futures ETF on May 22, according to a recent X post shared by Eric Balchunas, a senior ETF analyst at Bloomberg.

This big move, which marks the first of its kind in the crypto industry, will see Volatility Shares offer XRP-based investment products.

VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI.. yes there is a 2x XRP already on market (this is first 1x) and it has $120m aum and trades $35m/day. Good signal that there will be demand for this one. pic.twitter.com/rCooyNZgu0

— Eric Balchunas (@EricBalchunas) May 21, 2025

First 1x XRP futures ETF sees debut

The launch of this investment product, which is scheduled for May 22, comes amid growing institutional demand for XRP futures, just 2 days after their initial launch on CME.

Apparently, the groundbreaking launch of XRP futures on CME has paved the way for major adoptions like this, providing institutional investors with the opportunity to securely leverage XRP futures contracts.

While this major development has sparked speculation across the broader crypto market, it is already seeing adoption among institutions, positioning the third-largest cryptocurrency by market capitalization for a sustainable bullish momentum.

According to Balchunas, the fund will trade under the ticker XRPI, representing part of the Volatility Shares Trust fund.

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This big move from Volatility Shares comes barely a month after Tectrium launched its XRP-based investment product, Tectrium 2x Long Daily XRP ETF.

In his post, Balchunas acknowledged the existence of this 2x Long Daily XRP ETF, an initiative that focuses on providing returns that double the daily gains projected by XRP in the market.

However, Balchunas emphasized that the proposed XRP futures launch from Volatility Shares is the first 1x XRP futures ETF, propelling XRP toward mainstream adoption.

While the Tectrium 2x Long Daily XRP ETF already boasts $120 million in assets and a massive $35 million daily trading volume, Balchunas is confident that it will boost investor confidence, thereby fueling demand for the 1x XRP futures ETF.

Notably, Volatility Shares’ decision to launch an XRP futures ETF will see the firm providing its investors with returns based on XRP market gains.

Spot XRP ETF next

While the U.S. SEC’s decision on the proposed spot XRP ETF has not yet been disclosed, market participants and experts are confident that the launch of the spot XRP ETF is fast approaching.

The major developments within the Ripple ecosystem in recent days position the digital asset for more institutional demand.

As such, there are speculators who believe that these developments may be the stepping stones the spot XRP ETF needs to achieve SEC approval.





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Will XRP Futures ETF Launch Be Successful?
GameFi Guides

Will XRP Futures ETF Launch Be Successful?

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According to Bloomberg analyst Eric Balchunas, VolatilityShares is on track to launch an XRP-based exchange-traded product in the US on Thursday. 

As reported by U.Today, a 2X XRP exchange-traded fund (ETF) from Teucrium debuted last month. The product secured a very respectable trading volume of roughly $5 million on its first day.

Balchunas has noted that the leveraged product offered by Teucrium already boasts $120 million in assets under management and trades $35 million. 

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The prominent analyst has interpreted this as a “good signal” of robust future demand. 

In the meantime, it remains unclear when ProShares is to reveal the launch date for its futures-based XRP ETF products.

The U.S. Securities and Exchange Commission (SEC) has also denied making a decision on several spot-based XRP ETFs in the U.S, including the ones from Franklin Templeton.  



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(CoinGlass)
NFT Gaming

Bitcoin Futures Zoom to Record Open Interest; DOGE, ADA, XRP Add 3%

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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Shaurya Malwa
Crypto Trends

CME's XRP Futures Have Pulled In Nearly $30M Since Debut, Fueling XRP ETF Hopes

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XRP futures contracts on the Chicago Mercantile Exchange (CME) recorded over $19 million in notional trading volume on their first day and at least $10 million on Tuesday, data shows.

The inaugural trade, a block transaction, was cleared by Hidden Road on May 18. CME's XRP futures are available in two sizes: standard contracts representing 50,000 XRP and micro contracts representing 2,500 XRP. Both are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, calculated daily at 15:00 UTC.

Standard contracts bagged a volume of 7.5 million XRP on Monday and 2.95 million XRP on Tuesday, while micro contracts did 517,000 XRP on Monday and at least 1.2 million XRP on Tuesday.

Market participants see the launch of these regulated futures contracts as a step toward the potential approval of a spot XRP exchange-traded fund (ETF) in the United States.

“Spot XRP ETFs only a matter of time,” Nate Geraci, President of the ETF Store, said in an X post Monday.

Despite the strong debut of the futures contracts, XRP's spot price remained relatively stable, trading around $2.38, with a slight increase of 0.42% over the past 24 hours.



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Shaurya Malwa
NFT Gaming

XRP Futures Rack Up $1.5M Trading Volumes on CME Debut

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XRP futures contracts began trading on CME Group’s derivatives platform on May 19, recording at least $1.5 million in trading volume during the first session, a modest but notable debut for the major token.

CME data shows 4 standard contracts (each representing 50,000 XRP) traded on day one, totaling around $480,000 in notional volume at an average price of $2.40. The majority of activity came from 106 micro contracts (2,500 XRP each), accounting for over $1 million in additional volume.
The contracts are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, which is published daily at 4:00 P.M. London time. CME’s dual contract structure is designed to attract both institutional players and smaller participants, offering flexibility for various hedging and trading strategies.

“The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP,” Ripple CEO Brad Garlinghouse posted on X on Monday. He added that Hidden Road executed the first block trade.

The listing follows the CFTC’s classification of XRP as a commodity, a regulatory green light that cleared the path for CME to offer these products.

Analysts say the debut could also strengthen the case for a spot XRP ETF, with ETF Store president Nate Geraci saying such a product is “only a matter of time.”

While early volumes may appear modest, XRP’s inclusion on CME widens market dynamics for the major token in terms of price discovery, similar to how price-action on BTC and ETH futures is impacted when the U.S. market opens.



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XRP Eyes ETF Launch After XRP Futures Debut: Nate Geraci
Crypto Trends

XRP Eyes ETF Launch After XRP Futures Debut: Nate Geraci

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  • XRP ETF underway?
  • XRP price today

Nate Geraci, the cofounder of the ETF Institute and president of the ETF Store, issued an X post on May 19, expressing confidence about XRP’s next big move after the debut of the much-awaited XRP futures.

The Ripple community is set for more institutional adoption, all thanks to CME’s decision to expand its suite of regulated crypto derivatives by including XRP. Per the development, the XRP futures contract will be issued based on the CME CF XRP-Dollar Reference Rate, which represents cash-settled futures.

Notably, this eliminates the need for the physical delivery of XRP coins when a contract concludes. Thus, this seeks to address the fast-growing demand for digital assets like XRP among institutions.

While this marks a notable milestone for the broad crypto market and the XRP community, this major development has made headlines as XRP traders debate what’s next for the leading altcoin.

XRP ETF underway?

On Monday, Nate Geraci took to X (formerly Twitter) to disclose the launch of regulated XRP futures contracts on the renowned crypto derivatives trading platform, Chicago Mercantile Exchange (CME).

While the contracts have been regulated by the Commodity Futures Trading Commission (CFTC), institutional investors now have secure access to exploring the digital asset as they leverage new avenues for exposure and hedging strategies.

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Amid the buzz surrounding this notable development, Nate Geraci has shown belief that the XRP exchange-traded fund (ETF) is next in line. His statement suggests that the XRP futures launch will serve as a stepping stone for XRP to finally experience the official approval of its investment product.

This notable regulatory development signals a potential bullish catalyst for the long-distressed price of XRP, as it tends to provide more utility for the fourth-largest cryptocurrency by market capitalization.

While the demand for the XRP investment product has continued to rise, the move has also fueled more optimism among crypto traders, as other X users were seen making comments in agreement with Nate’s forecast.

XRP price today

Although XRP has been trading sideways in recent days, this major development poses a long-term impact on its performance as traders expect this to mark the beginning of a major bull run.

Source: CoinMarketCap

As of today, XRP has declined slightly by 0.77% over the last 24 hours, but its trading volume shows a massive 63.87% surge. XRP is trading at $2.37 as of press time.



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