Volatility Shares is set to launch the first-ever 1x XRP futures ETF on May 22, providing unleveraged exposure to XRP futures.
Tectrium's 2x XRP ETF has $120 million in assets under management and trades an average of $35 million daily.
XRP is priced at $2.25, with 236.9 million XRP ($567 million) recently transferred from Kraken, indicating potential volatility ahead.
The launch of Volatility Shares' XRPI ETF signifies a milestone in institutional XRP investment, while XRP's spot ETF approval remains pending from the SEC.