Volatility actions to make his debut on the very first ETF in the long term XRP tomorrow

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Volatility shares should launch the very first XRP ETF in the United States tomorrow, according to a post-efficiency amendment deposited with the SEC on May 21. The launch was confirmed by Bloomberg FNB analyst Eric Balchunas.

The fund, structured as part of the Volatility Shares Trust, will be negotiated on the Nasdaq under the XRPI Ticker.

In addition to this product, volatility actions also deploy the 2X XRP ETF volatility actions (XRPT), which is designed to offer XRP’s daily performance twice thanks to leverage exposure to XRP term contracts.

With the new offers, volatility actions will join Teucrium investment advisers to provide investment products linked to XRP, the native active in Ripple.

Last month, TeUcrium launched the 2x long and daily Teucrium long eTF to offer double yields of those of XRP daily movements.

According to Balchunas, the Teucrium lever FNB XRP is currently managing around $ 120 million in assets and on average $ 35 million in daily negotiation volume.

“A good signal that there will be a request for it,” said the expert.

The fund will invest in XRP’s term contracts and aims to provide yields following XRP prices movements.

Volatility shares will serve as an advisor in investment and will charge 1.15% management fees, although expenses are capped by 0.94% until May 2026 due to a cost renunciation agreement.

To maintain its status as a regulated investment company, the fund will invest in term contracts on XRP through a subsidiary in exclusive ownership of the Cayman Islands. The fund will invest at least 80% of its assets in instruments linked to XRP, including term contracts and potentially other derivatives.

This arises while efforts to extend investment products based on XRP continues. Proshares had to launch three ETF XRP at the end of April, but the dry has not yet approved. Yesterday, the agency also delayed decisions on the proposed XRPs of Grayscale and 21Shares.

While Proshares awaits the clarity of the dry, the other XRP -term products include XRP contracts regulated by CFTC of Coinbase, as well as the XRP term contracts of CME, which made their debut on Monday with $ 19 million in volume of the first day, highlighting the increasing market appetite for XRP exposure.

Ripple, the XRP transmitter, has faced major regulatory obstacles that many thought they were resolved now, but its legal saga remains in progress.

On May 8, Ripple agreed with a reduced regulation of $ 50 million with the SEC, against the $ 125 million of origin. However, judge Analisa Torres rejected the joint request on May 15 due to procedural problems and the case remains on appeal. At the time of the press, XRP is traded at $ 2.36, little by day.

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