Tag:

Nasdaq

Volatility Shares launches first XRP futures ETF on Nasdaq
NFT Gaming

Volatility Shares launches first XRP futures ETF on Nasdaq

by admin



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





Source link

0 comments
0 FacebookTwitterPinterestEmail
Dow Jones, Nasdaq, S&P 500 down, retailers are split on tariff impact
GameFi Guides

Dow Jones, Nasdaq, S&P 500 down, retailers are split on tariff impact

by admin



Tariffs continue to be in focus during today’s trading session, as Walmart and Home Depot shared differing views on their impact.

U.S. markets are still assessing the effect of tariffs on consumers. On Tuesday, May 20, the Dow Jones was trading at 42,679.23, down 112.84 points or 0.26%. The S&P 500 was at 5,942.07, down 0.36%, while the Nasdaq stood at 21,353, down 0.44%.

Just days after Walmart announced potential price hikes due to U.S. tariffs, Home Depot offered a different perspective. In its first-quarter 2025 earnings report, the home improvement giant stated that it plans to keep prices steady. Rather than raising prices, the company has opted to shift production away from China, which currently faces an effective tariff rate of 30%.

Still, Home Depot’s announcement may not be enough to lift sentiment. Wall Street analysts continue to warn about the broader economic impact of the recently resumed collection of student loans.

Student debt, consumer sentiment rattles Wall Street

The Department of Education under Donald Trump has resumed collections on student loans that had been paused for five years. This applies to borrowers in default, who may now face wage garnishment.

Notably, JPMorgan estimated that renewed collections could reduce disposable personal income somewhere between $3.1 billion and $8.5 billion. Bank of America’s analyst Mihir Bhatia noted that low-end consumers will particularly feel the weight of this new policy.

Against this backdrop, May’s preliminary consumer sentiment index has dropped to the second-lowest level on record. The index, which measures consumers’ willingness to spend, fell to 50.8 — the lowest reading aside from June 2022.

Still, despite bad news for Wall Street and Main Street, Bitcoin (BTC) is resilient, trading at $106,323 and up 0.98% in the last 24 hours. Gold showed even stronger performance, up 1.78% to $3,287 per ounce.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close