Wall Street Finally Gets an XRP Futures ETF—Volatility Shares Breaks the Ice

After years of regulatory limbo, the first 1x leveraged XRP futures ETF is hitting the US market—because nothing says ’mature asset class’ like letting retail trade crypto derivatives with a stock ticker.

Volatility Shares’ new fund dodges the SEC’s spot-ETF roadblocks by tracking CME futures contracts instead. Because when you can’t buy the actual asset, settling for a synthetic version is totally the same thing—just ask any gold investor from the 1970s.

The move comes as Ripple’s legal wins slowly pry open doors traditional finance had welded shut. Though let’s be real—if this product flops, Wall Street will blame crypto’s ’niche appeal’ rather than their own inability to market anything beyond Bitcoin and Dogecoin memes.

While the XRPI ETF moves ahead, the U.S. Securities and Exchange Commission (SEC) has delayed decisions on two separate spot XRP ETF proposals. The applications, submitted by asset managers 21Shares and Franklin Templeton, are now expected to receive a response by June 17, 2025. Moveover, the Prediction platform Polymarket shows that more than 80% of traders believe a spot XRP ETF will be approved sometime in 2025.

Meanwhile, demand for Leveraged exposure remains high. The Teucrium 2x XRP ETF has gathered over $106 million in assets with more investors actively seeking XRP exposure through structured products.

The Chicago Mercantile Exchange (CME) has also joined in, launching cash-settled XRP futures contracts. These are benchmarked to the CME CF XRP-Dollar Reference Rate. On launch day, trading volume reached over $2.4 million, and later data from analyst Chad Steingraber showed the volume had climbed to $19 million. 

Also Read: Will XRP Price Hit $4 as Bitcoin price Smashes New ATH?