Volatility Shares launched the first-ever XRP futures ETF, XRPI, on the Nasdaq today, with Bloomberg analyst Eric Balchunas predicting significant investor interest. This historic launch marks the debut of XRPI, a 1x XRP futures ETF, which will trade on the Nasdaq exchange today, May 22, 2025. According to a filing by Volatility Shares, the XRPI ETF comes with an annual management fee of 1.15%, capped at the same percentage. The fund offers a 0.21% fee waiver for early investors through May 22, 2026, bringing the total operational fee down to 0.94%. The fund will focus on cash-settled XRP futures contracts for settlements based on XRP’s price at expiration. To maintain continuous exposure to XRP, the fund will actively roll over expiring futures into new ones. At least 80% of the fund’s holdings will be tied to XRP-related assets, including XRP-referenced swaps, futures, and potentially spot-based XRP ETFs upon regulatory approval.