Boom! XRP Futures ETF Hits Nasdaq, Revolutionizing Crypto Investment

Volatility Shares Unleashes Groundbreaking XRP Futures ETF

Hold onto your hats, crypto fans! Volatility Shares just rocked the financial world by launching the very first XRP futures ETF on Nasdaq today. This beast of a product gives investors a taste of XRP without touching the actual coin, all through slick, regulated derivatives. It's a game-changer, folks!

From SEC Filings to Nasdaq Listings: The Journey of $XRPI

Get this: on May 21, the SEC got wind of Volatility Shares' big plans. This U.S. powerhouse, known for shaking up the ETF scene with their crypto-linked goodies, is rolling out the red carpet for the Ripple (XRP) futures ETF today, May 22. They're calling it $XRPI, and it's making history as the first ETF to ride the XRP futures wave on Nasdaq.

Deep Dive into the XRP Futures ETF: What's Under the Hood?

So, what's the deal with this ETF? It's part of the Volatility Shares Trust and it's all about XRP. They're going big, investing at least 80% of their cash in XRP-related goodies, like futures contracts straight from the Chicago Mercantile Exchange. They're doing it through a slick subsidiary in the Cayman Islands. And if that's not enough, they're also cooking up a 2x leveraged XRP futures ETF, aiming to double down on XRP's daily performance. It's like putting XRP on steroids!

Bloomberg's Eric Balchunas Weighs In: A Market First

Eric Balchunas, the big brain at Bloomberg Intelligence, is all over this. He's calling the 1x XRP futures fund a "market first" on his X post. He points out that it's following the hot trail blazed by Teucrium's 2x XRP futures ETF from April, which is already raking in $120 million in assets and seeing $35 million in daily trades. The demand? Through the roof!

Speculation Swirls: Will Spot XRP ETFs Be Next?

And here's where it gets juicy. With these XRP futures ETFs popping off, the rumor mill is buzzing that the SEC might just greenlight spot XRP ETFs by year's end. Big names like Franklin Templeton, 21Shares, and Bitwise are lining up to dive into the spot XRP pool, holding the actual coin instead of messing with derivatives.

Polymarket and Nate Geraci Bet Big on Spot XRP ETFs

Polymarket traders are putting their money where their mouth is, giving an 83% chance of a spot XRP ETF getting the nod in 2025. And Nate Geraci, the head honcho at The ETF Store, is all in. He's calling it, saying, "I simply don’t see this SEC not approving a spot XRP ETF. And sooner, rather than later."

Oh, and guess what? That 2x leveraged XRP ETF? It's already live and trading. Buckle up, because the XRP rollercoaster is just getting started!