The primary-ever U.S.-based exchange-traded fund (ETF) monitoring XRP futures on a one-to-one foundation began buying and selling on the Nasdaq change on Thursday.
The Volatility Shares XRP ETF (XRPI) has a gross expense ratio of 1.15% and a internet expense ratio after payment waivers of 0.94%.
The fund will make investments no less than 80% of its property in XRP futures contracts and shares of different XRP-linked ETPs, in keeping with a prospectus. Volatility Shares additionally plans to additionally launch a leveraged 2x XRP futures ETF the place it could be part of the Teucrium (XXRP), which opened for enterprise in April..
XXRP has to date pulled in $121 million in assets-under-management, which Bloomberg senior ETF analyst Eric Balchunased characterized as a “good sign that there can be demand” for XRPI.