XRP has been given a significant boost on Wall Street as two major exchange-traded funds (ETFs) were launched on Nasdaq, granting traders seamless exposure without the complexities of directly handling cryptocurrency.
Volatility Shares Debuts XRP ETFs Offering Standard and 2x Leveraged Exposure
On May 22, two new exchange-traded funds (ETFs)—XRPI and XRPT—were introduced by Volatility Shares, representing a notable advancement for investors aiming to access XRP markets via traditional brokerage platforms. Listed on Nasdaq, the ETFs were structured to mirror XRP’s price movements without the usual technical complexities linked to digital asset investments. XRPI was designed to offer direct 1:1 price tracking, whereas XRPT was developed to provide leveraged 2x daily exposure to XRP’s performance, each catering to distinct investment approaches.
In a statement describing the fund’s objectives, it was emphasized by Volatility Shares that XRPI had been structured in a simplified manner to accommodate traditional investors.
XRPI eliminates the barriers of direct cryptocurrency investment—no digital wallets to manage, no private keys to secure, no crypto exchanges to navigate, and no complicated tax reporting.
A connection between rising interest in digital assets and the accessibility of regulated financial instruments was intended to be established by this ETF. At the time of its debut, XRPI was traded at a net asset value (NAV) of $15.59 and was structured to include futures contracts that mimic XRP’s market activity, thereby avoiding the need for direct ownership of the cryptocurrency.
In contrast, XRPT has been structured to cater to short-term investors targeting amplified gains by reflecting twice the daily price fluctuations of XRP. It was launched with an initial net asset value (NAV) of $15.00 and was supported by approximately $3 million in XRP futures contracts. According to Volatility Shares, the fund was designed with this specific objective in mind.
XRPT provides sophisticated traders with 2x amplified exposure to XRP price movements without the investment complexities of margin accounts or direct cryptocurrency management.
Although entry into the XRP market has been provided by both funds through a traditional ETF structure, substantial risk has been associated with them, primarily due to the inherent volatility of XRP futures. However, it has been argued by proponents that these ETFs have simplified access for mainstream investors, enabling diversification into the digital asset space without the complexities involved in directly managing cryptocurrency holdings.
The expansion of XRP futures trading has been driven by increasing institutional interest in regulated cryptocurrency products. On May 19, XRP futures were launched by CME Group, introducing both standard and micro cash-settled contracts to the market. This momentum has also been supported by a perceived improvement in regulatory clarity, prompted by the U.S. Securities and Exchange Commission’s proposed settlement with Ripple. Although court approval of the agreement remains pending, the development has helped foster a more optimistic and confident atmosphere among market participants.
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