- Volatility Shares launches first XRP futures ETF on Nasdaq.
- ETF invests 80% in XRP-linked securities via Cayman subsidiary.
- The upcoming 2x leveraged ETF doubles daily XRP price exposure.
In a twist that even the most seasoned fortune teller couldn’t predict, Volatility Shares has unleashed the first-ever XRP futures ETF upon the unsuspecting masses on the Nasdaq. Yes, you heard it right! The Volatility Shares Trust has birthed the XRPI, a fund that promises to invest in XRP futures through a mysterious company nestled in the Cayman Islands. Because who doesn’t want to dabble in crypto without actually holding any? 🎩💰
Volatility Shares to Introduce 2x Leveraged XRP Futures ETF
The XRPI ETF, in a prospectus that reads like a thrilling novel, revealed on May 21 that it will pour at least 80% of its net assets into securities tied to XRP. Futures contracts and a smorgasbord of other derivatives might also join the party. According to CoinMarketCap, XRP is currently valued at around $2.43, having risen by a whopping 3% in the last 24 hours. Talk about a rollercoaster ride! 🎢
But wait, there’s more! Volatility Shares is set to unveil a 2x leveraged XRP futures ETF. This dazzling creation will allow investors to experience twice the daily change in XRP prices. So, if XRP goes up by a mere 1%, the ETF aims to gain a glorious 2%. Just remember, with great power comes great responsibility—or in this case, great risk! ⚡️
Bloomberg Intelligence analyst Eric Balchunas, who seems to have a knack for being in the right place at the right time, took to X (formerly known as Twitter) to share this groundbreaking news. He also pointed out that a leveraged ETF for XRP already exists, courtesy of Teucrium, a Vermont-based company that manages assets worth $120 million and trades about $35 million a day. Analysts are buzzing with excitement, predicting that many will flock to Volatility Shares’ new fund like moths to a flame. 🔥
Moreover, XRP futures contracts are now live on the CME, the Chicago Mercantile Exchange. On the very first day of trading, a staggering $1.5 million worth of XRP futures were exchanged. With these contracts, investors can earn or lose based on the value of XRP without ever laying eyes on a single token. It’s like investing in a ghost! 👻
New XRP ETF Signals Growing Institutional Interest in Crypto
To sweeten the deal for investors, Volatility Shares has decided to keep fund expenses at a mere 0.94% through May 2026, thanks to a fee waiver agreement. The industry standard is a hefty 1.15%, so this is like finding a unicorn in a field of horses! 🦄
Furthermore, using a Cayman Islands subsidiary allows the fund to dance around U.S. regulations while helping investors avoid the dreaded non-U.S. taxable income issues. It’s like a financial game of hide and seek! 🎭
The launch of the XRPI ETF by Volatility Shares is a monumental leap for crypto-related financial products. As more institutions embrace XRP for overseas transfers, this ETF could pave the way for mainstream adoption. And for those active traders looking to cash in on the excitement, this new ETF offers a tantalizing opportunity to earn more—if they’re brave enough to face the higher stakes. Traditional finance is finally showing that it’s ready to tango with cryptocurrency! 💃🕺
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2025-05-22 22:31