Volatility Shares to launch a futures exchange-traded fund based on Ripple’s XRP token on Nasdaq

Previously, the Chicago Mercantile Exchange launched a similar instrument

Nasdaq to launch trading of Volatility Sharesэ first futures XRP ETFs

22.05.2025 - 13:00

2 min

What’s new? Investment company Volatility Shares will launch the first futures exchange-traded fund (ETF) based on the XRP token with a capitalization of $142 billion by the fintech company Ripple, on the US stock exchange Nasdaq. According to a statement to the US Securities and Exchange Commission (SEC), the new product under the ticker XRPI within the Volatility Shares Trust will indirectly invest in XRP futures through its Cayman Islands subsidiary.

Statement to the SEC

What else is known? The company plans to invest at least 80% of its net asset value in XRP-linked instruments. Volatility Shares also plans to launch a 2x leveraged product that promises a 2x daily increase in the price of XRP by doubling the leverage on XRP futures.

In 2024, the SEC authorized the trading of spot ETFs based on bitcoin and Ethereum, but it has not approved any similar products based on other cryptocurrencies since then. Despite this, XRP supporters have reason for optimism.

On May 19, the Chicago Mercantile Exchange (CME) launched XRP futures and microfutures. They allow traders to speculate on the price of XRP without owning the token itself, a key difference from spot ETFs, which are directly backed by the underlying asset.

Issuers vying to launch spot XRP ETFs include investment firms Franklin Templeton, 21Shares, and Bitwise.

Users of Polymarket’s crypto market predictions estimate an 83% probability of spot XRP ETF approval this year.

US-based pharmaceutical firm Wellgistics will add payments in XRP and start accumulating the asset on its balance sheet

The company has opened a $50 million line of credit for this purpose

Earlier this week, the SEC postponed decisions on applications to launch spot XRP ETFs and initiated the collection of comments from interested parties.

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