Volatility Shares XRP Futures ETF Debuts Tomorrow on Nasdaq

• XRP Futures ETF Debuts in the US
• XRPI will have a minimum exposure of 80% in XRP
• Market signals growing demand for XRP products

Volatility Shares has confirmed the launch of the first XRP futures ETF in the United States for this Wednesday (21), with trading scheduled on Nasdaq under the ticker XRPI. The initiative marks a new step in the integration of crypto assets with the traditional financial market, allowing investors to gain indirect exposure to the performance of XRP through cash-settled futures contracts.

The fund, structured within the Volatility Shares Trust, will invest at least 80% of its assets in financial instruments linked to XRP, such as futures contracts. In addition, it will also offer Volatility Shares 2X XRP ETF (XRPT) , aimed at providing twice the daily performance of XRP based on leveraged exposure.

Volatility Shares follows in the footsteps of Teucrium Investment Advisors, which recently launched the Teucrium 2x Long Daily XRP ETF, which now has $120 million under management and average daily trading of around $35 million. “That’s a good sign that there will be demand for this one,” Bloomberg ETF analyst Eric Balchunas said of the new offering.

VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI .. yes there is a 2x XRP already on market (this is first 1x) and it has $120m increase and trades $35m/day. Good signal that there will be demand for this one. pic.twitter.com/rCooyNZgu0

— Eric Balchunas (@EricBalchunas) May 21, 2025

XRPI will be administered through a subsidiary in the Cayman Islands to maintain regulatory compliance. The standard administration fee is 1,15%, but will be capped at 0,94% until May 2026, as per the current fee waiver agreement.

Meanwhile, Ripple continues to face legal challenges in the US. Earlier in May, the company reached a $50 million settlement with the SEC, down from the $125 million originally proposed. However, Judge Analisa Torres rejected the settlement on procedural grounds, keeping the case on appeal.

Volatility Shares’ move comes amid the SEC’s delay in approving other XRP ETFs, such as those proposed by Grayscale and 21Shares. However, the expectation is that the surge in XRP futures trading — such as the one recently launched on the CME with a first-day volume of $19 million — will continue to drive institutional interest in Ripple’s native digital asset.