Certain launches redefine the place of an asset in the crypto ecosystem. This May 22, 2025, Volatility Shares will introduce the first ETF on the XRP on the market, which marks a turning point for the integration of this asset into institutional finance. At a time when the market is looking for regulated products to access cryptos, this new financial vehicle reflects the growing interest in XRP and could well accelerate its anchoring in traditional investor wallets.
In short
- This May 22, 2025, Volatility Shares launched the very first ETF on the XRP, under the name XRPI, listed on the Nasdaq.
- This ETF is based on the XRP term contracts of the CME, available for only two days.
- The arrival of this ETF revives speculation around a future ETF XRP spot, still awaiting approval by the dry.
- The launch of the XRPI could thus mark a strategic turning point for XRP, by part of the traditional financial sphere.
The launch of the first ETF Futures XRP 1X: a historic first
After the launch of the term contracts on the XRP by the CME Group, Volatility Shares will officially introduce the first ETF in the long term under the XRP under the name of “XRPI”with a rating on the Nasdaq from this May 22, 2025. The announcement was relayed By Eric Balchunas, senior ETF analyst at Bloomberg, on the eve of the launch this Wednesday, May 21:
Volatility Shares is launching the very first ETF XRP, $ XRPI symbol tomorrow, tomorrow.
This information is now confirmed. Indeed, the first ETF in the long term on the XRP in 1x exposure will be officially launched on May 22, 2025 by volatility Shares, a recognized player in the field of derivatives linked to cryptos.
This ETF is based directly on the XRP term contracts listed on the CME, available for only two days. The agility with which this product has been structured provides information on a clear anticipation of the market and an already existing institutional appetite for regulated products on XRP.
This launch is part of a competitive context marked in particular by the presence for several weeks of the Tectrium 2x long Daily XRP ETF, an ETF with leverage based on the same crypto. The latter displays spectacular figures, which underlines market demand:
- 120 million dollars of assets under management (AUM), a significant amount for an crypto ETF backed by an asset other than Bitcoin and Ethereum;
- 35 million dollars in daily trading volume, which reflects solid liquidity;
- An X2 lever effect, making the product more speculative and reserved for an informed audience.
Faced with this observation, Volatility Shares has chosen a different strategy with the XRPI. Thus, the company is focusing on a leverage (1x) to attract more conservative institutional investors.
As Balchunas points out, it is “An initiative that aims to provide yields that double the daily gains projected by the XRP on the market”. This refers to the success of the 2X as an indicator of a preexisting interest for a more moderate version adapted to controlled risk portfolios.
A gateway to an XRP ETF?
If the launch of the XRPI attracts the attention so much, it is also because it revives speculation around an XRP ETF, whose approval by the dry is still unanswered. The launch timing, combined with the rapid structuring of these derivative products, is interpreted by certain actors as a precursor signal.
In his analysis, Balchunas believes that “The launch of XRP term contracts […] propels the XRP to a generalized adoption “. In other words, these advances could constitute a springboard towards more complete regulatory recognition of the crypto.
This sliding of leverage products to a 1x version, more institutionally compatible, potentially serves to build a trajectory towards a spot product, like what has been observed on Bitcoin.
This hypothesis is also based on recent developments in the Ripple ecosystem. For several weeks, positive signals have emerged: partial regulatory clarification in the United States, partnership agreements in the banking sector, and resumption of certain Cross-Border activities.
In this context, the ETF XRPI appears as the most credible regulatory entry point for a return to grace of the XRP with institutional investors, long cooled by the judicial battles of Ripple with the dry. The recent rejection of the amicable agreement between the two parties by the American justice relaunches legal uncertainties around Ripple and reinforces the interest for regulated derivative instruments.
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