Volatile shares are preparing to launch 1x XRP futures ETF for the first time on 22 May. Trading under the new product, tick “XRPI”, will mark the first single exposure XRP futures ETF in the United States.
Volatility Share XRP futures ETF launch
According to Bloomberg ETF analyst Eric Balchunas, volatility shares will introduce XRPI ETF to XRP futures, offering XRPI ETFs, offering 1x exposure. Balachunas mentioned on social media that, while 2x took advantage of the XRP futures ETF, it is already present, it would be the first ETF to offer unpublished exposure.
“The current 2x XRP ETF has $ 120 million in property under management and is approximately $ 35 million trades per day,” Posted by Balchunas. These figures reflect the increasing demand for XRP-based investment products and suggest that XRPI launch can attract adequate interest from both retail and institutional investors.
1X products are expected to appeal to investors who demand less instability than offer of leverage products.
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Calvin Munene Murithi
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