Markets, XRP, ETF, News The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked exchange-traded products.
The first-ever U.S.-based exchange-traded fund (ETF) tracking XRP futures on a one-to-one basis started trading on the Nasdaq exchange on Thursday.
The Volatility Shares XRP ETF (XRPI) has a gross expense ratio of 1.15% and a net expense ratio after fee waivers of 0.94%.
The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked ETPs, according to a prospectus. Volatility Shares also plans to also launch a leveraged 2x XRP futures ETF where it would join the Teucrium (XXRP), which opened for business in April..
XXRP has so far pulled in $121 million in assets-under-management, which Bloomberg senior ETF analyst Eric Balchunased characterized as a “good signal that there will be demand” for XRPI.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More