Volatility Shares Trust XRP ETF

XRPI

Market cap $179M

Two recent Securities and Exchange Commission decisions should lead to a wave of new ETFs. Crypto ETFs covering more digital currencies, such as solana and XRP, are to be expected in the months ahead after the SEC greenlit an expedited listing process.

XRP ETF offers retail investors XRP cryptocurrency exposure in a regulated ETF format, addressing concerns about crypto exchange scandals and custody risks. The fund holds CME XRP futures, not spot XRP, so performance will lag spot prices when the futures curve is in contango. XRPI is structured for capital gains, with a low yield and an options chain that enables risk management strategies like covered calls.

XRP ETF offers 1x exposure to XRP via CME futures but does not directly hold XRP, introducing tracking error and underperformance risk. XRP benefits from strong institutional support and recent legal clarity. XRPI's 94bps fee is in line with peers, but liquidity and spread risks impact returns for active traders.

2025 will be remembered as a pivotal year in crypto, where widespread access and clearer regulations helped solidify crypto's place in the financial mainstream.