VolatilityShares XRP Futures ETF to Launch with XRPI Ticker

• XRP 1x ETF debuts with focus on cautious investors
• XRPI Product Tracks Non-Leveraged XRP Futures
• Managers await SEC response for XRP ETF in sight

VolatilityShares is preparing to launch the first XRP futures ETF with standard (1x) exposure, dubbed XRPI. Unlike the existing 2x leveraged fund, the new product will track the daily performance of XRP futures contracts directly, without leverage.

The announcement was shared by Eric Balchunas, senior ETF analyst at Bloomberg, who highlighted the potential of this new instrument given the growing demand for XRP-related products. The fund is expected to officially debut on May 22, with the expectation of attracting a more conservative profile of investors.

Even without direct ownership of the token, participants will have exposure to XRP through futures contracts. According to Balchunas, the success of the previous ETF — 2x XRP — is a promising indicator. It already has US$120 million under management and moves, on average, US$35 million per day, signaling strong institutional demand for the asset.

VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI .. yes there is a 2x XRP already on market (this is first 1x) and it has $120m increase and trades $35m/day. Good signal that there will be demand for this one. pic.twitter.com/rCooyNZgu0

— Eric Balchunas (@EricBalchunas) May 21, 2025

In addition to VolatilityShares, other asset managers have also shown interest in XRP, especially in terms of creating spot ETFs. Bitwise was the first to file an official application with the SEC in October 2024. ProShares, 21Shares, and Canary Capital have also filed similar proposals.

However, BlackRock, the world's largest asset manager, has yet to take a position. According to analyst SMQKE, the company has adopted a strategic stance of waiting for greater regulatory clarity before moving forward with any requests regarding XRP. Despite the court ruling that classified the token as not being a security, the SEC has yet to officially respond to the pending requests.

Meanwhile, the launch of XRPI could increase institutional pressure on the U.S. regulator, encouraging the consideration and eventual approval of XRP ETFs in the near future. The product also provides Ripple with another opportunity to validate XRP as a legitimate investment option in the mainstream market.