Editor's PiCK
Volatility Shares Launches First US XRP Futures ETF, Begins Trading on Nasdaq Today
Minseung Kang
Summary
- Volatility Shares has reported the listing of the first US XRP futures ETF on Nasdaq.
- This ETF is designed to expose investors to price movements without directly holding XRP.
- It trades under the ticker 'XRPI' and invests at least 80% in XRP-related assets.
US asset management firm Volatility Shares has listed the first US Ripple (XRP) futures exchange-traded fund (ETF) on Nasdaq on the 22nd (local time).
On the 22nd, cryptocurrency media outlet Crypto Economy reported, "Volatility Shares has listed the first US XRP futures ETF on Nasdaq today," and stated, "This product is designed to expose investors to price movements in a regulated manner without directly holding XRP tokens."
The ETF trades under the ticker 'XRPI' and invests at least 80% of its net assets in XRP-related assets. The total annual management fee is set at 0.94%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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