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, Volatility Shares introduced two new exchange-traded funds (ETFs)—XRPI and XRPT—marking a significant step for investors seeking access to XRP markets through traditional brokerage platforms. Listed on Nasdaq, the ETFs aim to mirror XRP’s price movements without the technical complexities often tied to digital asset investments. XRPI offers direct 1:1 price tracking, while XRPT provides leveraged 2x daily exposure to XRP’s performance, each tailored to different investment strategies.
In a statement outlining the fund’s objectives, Volatility Shares emphasized that it structured XRPI 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.
This ETF aimed to connect growing interest in digital assets with the accessibility of regulated financial instruments. At launch, XRPI traded at a net asset value (NAV) of $15.59 and included futures contracts designed to mimic XRP’s market activity, eliminating the need for direct cryptocurrency ownership.
In contrast, XRPT targets short-term investors seeking amplified gains by reflecting twice the daily price movements of XRP. Volatility Shares launched the fund with an initial net asset value (NAV) of $15.00, backed by approximately $3 million in XRP futures contracts. The firm designed the fund specifically with this 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 both funds offer entry into the XRP market through a traditional ETF structure, they carry substantial risk due to the inherent volatility of XRP futures. However, proponents argue that these ETFs simplify access for mainstream investors, allowing them to diversify into digital assets without the complexities of directly managing cryptocurrency holdings.
Rising institutional interest in regulated cryptocurrency products has fueled the expansion of XRP futures trading. On May 19, CME Group launched XRP futures, introducing both standard and micro cash-settled contracts to the market. This momentum also gained support from 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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