Jakarta, Pintu News – On Thursday, May 22, the United States financial markets will welcome the launch of the first Ripple futures exchange-traded fund (ETF) that does not use leverage.
The new product, which will trade under the ticker XRPI, offers investors the opportunity to get involved in the price movements of Ripple (XRP) with lower risk.
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The XRPI ETF, which will trade on Nasdaq, is the first Ripple (XRP) futures ETF in the US that does not use leverage. Eric Balchunas, ETF analyst at Bloomberg, confirmed the launch via the X platform, indicating that the product is expected to receive rave reviews following the success of previous leveraged products.
The ETF managed by Teucrium with 2x leverage has accumulated around $120 million in assets and has a daily trading volume of around $35 million. Compared to the 2x version, the XRPI ETF aims to replicate the performance of Ripple (XRP) futures on a one-to-one basis, making it a more suitable choice for institutional and retail investors seeking exposure to Ripple (XRP) without the additional risk associated with leverage.
Volatility Shares will act as investment advisor, with a management fee of 1.15%, which will be reduced to 0.94% until May 2026 thanks to a fee reduction agreement.
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Fond ETF XRPI will primarily invest in cash-settled Ripple (XRP) futures contracts through a subsidiary in the Cayman Islands. At least 80% of its assets will be allocated to financial instruments related to Ripple (XRP).
This provides an opportunity for investors to engage in the Ripple (XRP) market through a more stable and predictable mechanism compared to direct investment in the spot market which is still pending with the U.S. Securities and Exchange Commission.
Meanwhile, demand for Ripple (XRP) exposure has also increased on other platforms. The Chicago Mercantile Exchange had launched Ripple (XRP) futures on May 19, with $19 million traded on the first day of trading. This shows the positive trend and growing interest in financial products based on Ripple (XRP).
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Currently, Ripple (XRP) is trading above the $2.35 support, showing a mixed picture based on technical indicators. Ripple (XRP) seems to be forming a bullish flag pattern, which is usually a continuation pattern, although confirmation is still needed. The relative strength index stands at 54, indicating neutral momentum.
Most moving averages, including the 20, 50, 100, and 200-day EMAs, are showing bullish signals with Ripple (XRP) price trading above these averages. However, the moving average convergence divergence suggests that there could be short-term selling pressure. If Ripple (XRP) holds above $2.35 and breaks above $2.50, it is likely to resume its uptrend towards the $2.70-$2.80 range.
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