A historic milestone: the first-ever XRP futures ETF has been launched on Nasdaq. This financial product could pave the way for wider XRP adoption, as attention shifts towards a spot ETF. Is a new era dawning for Ripple's cryptocurrency? Analysis.
French-speaking investors passionate about cryptocurrencies can now gain exposure to XRP through a new regulated financial instrument. Volatility Shares, a company specializing in innovative ETFs, has recently launched the first exchange-traded fund (ETF) on XRP futures contracts, listed on Nasdaq.
Essentially, this new ETF, named $XRPI, will allow investors to have indirect exposure to XRP through futures contracts traded on the Chicago Mercantile Exchange. This marks a significant step in the development of the XRP financial ecosystem. The potential approval of spot ETFs held directly in XRP is also anticipated by the year’s end.
According to analysts, the likelihood of a spot XRP ETF being approved in 2025 is estimated at 83% on the Polymarket platform. Nate Geraci, President of The ETF Store, is also confident that the SEC will eventually greenlight such a product in the short term.
In addition to the standard fund, Volatility Shares also plans to launch a 2x leveraged XRP futures ETF. This instrument aims to deliver twice the daily performance of XRP futures contracts, catering to more experienced investors.
With the successful launch of a similar ETF by Teucrium last April, which has already attracted $120 million in assets, the demand for such products seems quite real. An encouraging sign for the future of XRP-related derivatives.
In conclusion, the introduction of this XRP futures ETF on Nasdaq marks a new phase in the diversification of the crypto financial ecosystem. While spot ETFs remain the ultimate goal, these products already offer an interesting alternative for French investors looking to gain exposure to XRP. The price of this crypto could surge with the ETF’s arrival. To seize this opportunity, you can purchase XRP on Bitget, a reliable and user-friendly exchange.
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
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