Volatility Shares to Launch First XRP Futures ETF on Nasdaq Today

Odaily Planet Daily News Volatility Shares will launch the first XRP futures ETF (XRPI) on Nasdaq today, which will invest at least 80% of its net assets in XRP-related financial instruments. The company also plans to launch a 2x leveraged XRP futures ETF product. Previously, the Chicago Mercantile Exchange (CME) launched XRP futures and micro XRP futures contracts on May 19, providing institutional investors with a regulatory channel to access XRP. Analysts expect that under the more friendly regulatory attitude of the new SEC Chairman Paul Atkins, the spot XRP ETF is expected to be approved later this year, with a market expectation probability of 83%.