Volatility Shares launches XRPI, the first U.S. ETF tracking XRP futures 1:1, now trading on Nasdaq with 0.94% fee after waivers.
XRP jumps 2% after ETF debut; XRPI and 2x XRPT offer easy brokerage access, removing crypto wallets and tax hassles for investors.
XRP just got closer to Wall Street as Volatility Shares launched the first U.S. ETF that tracks XRP futures 1:1, XRPI. It began trading on the Nasdaq yesterday, May 22.
Volatility Shares also launched XRPT, a leveraged ETF aiming to deliver 2x the daily performance of XRP before fees.
“While others are still figuring out how to approach new digital assets, our investors can already be positioned through familiar ETF structures,” CEO Justin Young said on the development.
The Volatility Shares XRP ETF, under the ticker XRPI, comes with a 1.15% gross expense ratio. But with the fee waivers, investors currently pay a lower 0.94%. The fund plans to invest at least 80% of its assets in XRP futures and other XRP-linked investment products.
How to buy and sell the Volatility Shares XRP ETF (XRPI)?
XRPI is a fully SEC-registered ETF, and there’s no need to deal with wallets, private keys, tax reporting requirements, wallet breaches, or crypto exchanges. It is designed for investors who want long-term exposure to XRP and portfolio diversification into digital assets. You can buy and sell it through your regular brokerage account, just like any other stock or ETF.
Traders can invest in the Volatility Shares XRP ETFs, XRPI, and XRPT through major U.S. brokerage platforms that provide access to Nasdaq-listed securities.
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- BlackRock XRP ETF Could Be Risky for Retail Investors: Warns Van Dell, co-founder of Black Swan Capitalists
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It’s important to understand that you can’t buy shares of the XRPI ETF directly from the fund unless you’re a big institution buying a large block called a “Creation Unit.” However, for regular investors, you can buy and sell shares of XRPI on the stock market just like any other stock, through a broker or trading app.
Since XRPI trades on an exchange, its price can go above (premium) or below (discount) the fund’s actual value, called the Net Asset Value. This happens because market prices depend on supply and demand at the moment.
Also, there may be a small gap between the price buyers want to pay and the price sellers are asking, which is called the bid-ask spread, and it can affect your total cost when trading.
Traders should know that XRP and XRP futures are new and risky investments and may witness price changes. The value of investment can drop and even go to zero, sometimes within a single day
XRP Rises 2%
XRP price rose over 2% after the ETF launched on Nasdaq. XRP surged from $2.35 to $2.45 in 24 hours, and its trading volume spiked above $4.58 billion. Bloomberg analyst Eric Balchunas called Volatility Shares’ new XRP ETF a “market first” that could make way for more XRP-related products in the future.
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FAQs
Volatility Shares also launched XRPT, a leveraged ETF aiming to deliver 2x the daily performance of XRP before fees.
XRP’s price rose over 2% after the ETF launched, surging from $2.35 to $2.45 in 24 hours, with trading volume spiking.
Black Swan Capitalists’ co-founder, Van Dell, cautions an XRP ETF may benefit Wall Street institutions more than retail investors.