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XRP futures ETF Nasdaq launch
Key Points:* Volatility Shares launches the first XRP futures ETF on Nasdaq.
The widespread approval of XRP futures contracts signals an increasing acceptance within traditional finance, while also highlighting the rising speculative interest in crypto derivatives.
Volatility Shares Sets Milestone with XRP Futures ETF
Volatility Shares listed the XRPI ETF on Nasdaq, marking it as the first XRP futures ETF globally. The fund invests indirectly in XRP futures through a Cayman Islands subsidiary, with plans to allocate at least 80% of its assets to XRP-linked derivatives. This introduction of a non-leveraged XRP futures ETF is designed to appeal to both retail and institutional investors, offering a regulated option with lower risk compared to leveraged products. Eric Balchunas, a Bloomberg analyst, noted this launch as a pivotal development, signifying strong market demand.
Market responses have been positive, with the CME’s recent XRP futures listings further strengthening institutional interest. This has potentially heightened expectations for future XRP spot ETFs.
Current Market Trends and XRP Performance Analysis
Did you know? The introduction of futures-based crypto ETFs, like Bitcoin and Ethereum, historically boosts trading volumes and mainstream acceptance, a trend expected to follow with the XRPI ETF launch.
CoinMarketCap reports XRP is trading at $2.42 with a market cap of $142.27 billion and a 24-hour volume of $4.31 billion. Notable price movements include a 3.31% increase over 24 hours and a 9.42% decline over 90 days.