The first US-based Exchange Trade Fund (ETF) to track XRP futures on a one-to-one basis began trading on the NASDAQ exchange on Thursday.
Volatility has a net expense ratio of XRP ETF (XRPI) after a total cost ratio of 1.15% and a fee waiver of 0.94%.
According to the prospectus, the fund will invest at least 80% of its assets in XRP futures contracts and other XRP-related ETP stocks. Volatility Share will also launch a leveraged 2x XRP futures ETF that will be participating in Teucrium (xxrp), which opened for business in April.
XXRP has so far acquired $121 million in assets. This was characterized by Eric Balulunash, a senior ETF analyst at Bloomberg, as a “good signal that there is demand” for XRPI.
