Robinhood has taken a bold step into the crypto investment by launching the first U.S.-listed XRP futures exchange-traded fund (ETF). Trading under the ticker symbol XRPI, the ETF officially began trading on the Nasdaq exchange on May 22, 2025.
According to crypto analyst Amelie, who shared the development on X, the fund’s introduction has generated excitement throughout the digital asset community. Issued by Volatility Shares, the ETF provides a regulated path for investors to gain exposure to XRP futures without directly holding the token.
At least 80% of XRPI investment assets are set to be invested into regulated XRP futures contracts and similar products. A temporary fee waiver applies to the ETF’s net expense ratio, which is now just 0.94 percent.
Erik Prince’s XRPI uses a subsidiary in the Cayman Islands to ensure it follows U.S. laws. Unlike other crypto futures ETFs, this way, the fund is not directly investing in XRP, which would be restricted in the U.S.
There is still uncertainty about XRP’s status within the crypto field because the SEC and Ripple are still at odds. But including XRPI now clarifies that Ripple’s legal battle is not the same as XRP’s status as an asset.
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ETF Launch Signals Institutional Entry Into XRP Exposure
With this launch, XRP joins Bitcoin and Ethereum as cryptocurrencies now accessible through U.S.-listed futures ETFs. Market watchers suggest this could increase institutional engagement with XRP, particularly from investors seeking regulated exposure to altcoins.
The ETF’s structure provides a safer investment route, attracting cautious participants who previously avoided direct crypto involvement. Analysts believe that XRPI may help XRP have a larger pool of buyers and sellers and make it easier for big players to enter the market.
The XRPI launch through Robinhood indicates the company’s ongoing aim to improve its crypto services. If the ETF advances as planned, it may help expand the growth of XRP-related financial items and encourage more people in these markets to use XRP.
XRPI’s launch on the Nasdaq is a significant development for XRP in compliant financial markets. The rollout of the ETF with Robinhood support and early investor excitement may significantly grow the XRP’s recognition among investors.
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