XRP Futures ETF Debuts as Whales Sell 60M Tokens — What’s Next for XRP?
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- Volatility Shares launches first 1x XRP futures ETF on May 22, boosting market interest.
- Over 60 million XRP sold by whales in 72 hours, signaling major portfolio moves.
- CME recently introduced XRP and Micro XRP futures, boosting institutional access to XRP.
Volatility Shares is preparing to launch the industry’s first XRP futures ETF on May 22. Trading under the ticker XRPI, the product will mainly invest in XRP futures contracts. This is a significant moment for XRP, since it allows investors to access XRP through regulated investments rather than holding the token directly.
The launch occurred after XRP futures were introduced on the Chicago Mercantile Exchange (CME). The launch of XRP derivatives on CME reflected the rising need among institutions for regulated XRP products.
Bloomberg analyst Eric Balchunas has pointed out that the Volatility Shares ETF is the first of its kind in the crypto market, unlike the current 2x leveraged XRP ETFs. He foresees that the new fund will attract investors and thus encourage more adoption of XRP futures.
The post XRP Futures ETF Debuts as Whales Sell 60M Tokens — What’s Next for XRP? appeared first on Coin Edition.
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