The very first fund negotiated by the United States (ETF) according to the term contracts on XRP on an individual basis began on Thursday on the Nasdaq Stock Exchange.
Volatility Shares XRP ETF (XRPI) has a gross expenditure ratio of 1.15% and a net spending ratio after a derogation from the costs of 0.94%.
The fund will invest at least 80% of its assets in XRP’s term contracts and other ETP shares linked to XRP, according to a prospectus. Volatility actions also plan to also launch an ETF 2x XRP with leverage where he would join the Téucrium (XXRP), which opened in April.
XXRP has so far drawn 121 million dollars in management under management, which the senior analyst of Bloomberg ETF Eric Balchunased characterized as a “good signal that there will be a request” for XRPI.
