What You Should Know:

• Volatility Shares introduced the first non-leveraged U.S.-listed ETF that tracks XRP futures, operating under the ticker XRPI on Nasdaq.
• With a net expense ratio set at 0.94%, the ETF will mainly invest in XRP futures and XRP-related exchange-traded products (ETPs).
• Another product, a leveraged 2x XRP futures ETF, is in development, reflecting rising interest in XRP-focused funds.

The inaugural U.S.-listed ETF for XRP futures began trading on Thursday, fulfilling a significant niche in the market by offering a direct correlation to the future value of XRP.

The Volatility Shares XRP ETF, with a gross expense ratio of 1.15% before fee waivers brings it down to 0.94%.

This fund aims to allocate a minimum of 80% of its capital to XRP futures and shares of related ETPs, based on a prospectus. Furthermore, there are plans to launch a leveraged 2x XRP futures ETF, competing with Teucrium’s (XXRP), which launched last April.

To date, XXRP has accumulated $121 million in assets, a sign noted by Bloomberg senior ETF analyst Eric Balchunas, suggesting promising demand for XRPI.