Volatility Shares will launch the first XRP futures ETF on Nasdaq today

ChainCatcher news, according to DL News, Volatility Shares will launch the first XRP futures ETF (XRPI) on Nasdaq today, with the product investing at least 80% of its net assets in XRP-related financial instruments. The company also plans to launch a 2x leveraged XRP futures ETF product.

Previously, the Chicago Mercantile Exchange (CME) launched XRP futures and micro XRP futures contracts on May 19, providing institutional investors with a regulated channel to access XRP.

Analysts expect that under the more favorable regulatory stance of the new SEC Chairman Paul Atkins, a spot XRP ETF is likely to be approved later this year, with market expectations reaching a probability of 83%.