First US XRP Futures ETFs to List on Nasdaq with Robust Demand

The long-awaited arrival of XRP futures ETFs in the United States has finally arrived. Nasdaq welcomed the introduction of two new funds: XRPI and XRPT on Thursday, a landmark moment for Ripple's natively-held asset as well as the broader crypto investment landscape.

<script src=”https://widgets.coingecko.com/gecko-coin-price-chart-widget.js”></script> <gecko-coin-price-chart-widget locale=”en” outlined=”true” initial-currency=”usd”></gecko-coin-price-chart-widget>

With the demand for regulated cryptocurrency products still simmering, along with the fierce debate over the future of spot XRP ETFs, the attention now is on how these futures-backed funds may shape the next era for XRP.

A New Age for XRP Investing

For years, U.S. investors have been relegated to a hodgepodge of regulatory barriers and limited options if they wish to gain exposure to XRP. The launch of XRPI and XRPT flips that script on its head with a regulated, open means to get exposure to the price movement of XRP in futures contracts. Both funds track the performance of XRP futures listed on the Chicago Mercantile Exchange (CME), the same manner very popular Bitcoin futures ETFs function.

The timing could not be more perfect. XRP has seen renewed demand in 2025, driven by Ripple's ongoing litigation victories and a broader renaissance in the crypto universe. The introduction of these ETFs not only legitimates XRP as an institutional and retail-trading worthy investment but also reflects growing demand for diversified exposure to crypto beyond Ethereum and Bitcoin.

How the Funds Work: Fees, Liquidity, and Providers

XRPI and XRPT were designed to be transparent and accessible. Both funds charge a competitive 0.95% management fee, which is in line with other crypto futures ETFs. Both funds are backed by a suite of leading market makers and liquidity providers, delivering tight spreads and deep order books on Nasdaq from launch.

Institutional investors have already been showing keen interest, with pre-market data signaling strong inflows and trading volumes. The fund issuers have collaborated with top custodians and compliance firms to ensure that all positions are fully collateralized and that investor assets are protected in line with U.S. regulatory platforms.

Will a Futures ETF Open the Door to a Spot Product?

The launch of XRPI and XRPT has fueled speculation that a physically-backed XRP ETF becomes a reality. Market experts cite the SEC approval of these futures instruments as probable spotlights on making the way for a physically-backed XRP ETF in the near term, possibly following the lead of Bitcoin ETFs. It is seen as a sign of faith in the market maturity of XRP and its ability to attract significant institutional funding by most.

Others presume that the introduction of futures-traded ETFs could stabilize XRP's notoriously volatile price action by providing liquidity and drawing in a new group of investors. Others caution that, while regulated, futures products pose potential risk such as tracking error and contango that can impact returns compared to outright spot exposure.

The $8 Question: Can ETFs Take XRP to New Heights?

Most debated, perhaps, among analysts and traders is whether or not the listing of these ETFs can be the catalyst that sends XRP to that much-anticipated $8 price level. While the road to such a level is paved with skepticism, it cannot be dismissed that the psychological effect of a big ETF listing has. History from Bitcoin and Ethereum futures ETFs suggests that increased accessibility and institutional participation can drive both liquidity and price appreciation.

But skeptics point out that macroeconomic environments, regulatory innovations, and general sentiment in the cryptocurrency markets will still be determinative of XRP's trajectory. Launching the futures ETF is a major milestone, but no free ride to the moon.

What It Means for Crypto Markets

The listing of XRPI and XRPT on Nasdaq at the same time as record-breaking open interest in Bitcoin options and increasing activity in crypto derivatives markets comes at a time of sky-high trader sentiment, with Bitcoin itself remaining around the $111,000 level and open interest at historic highs. The successful launch of XRP futures ETFs would take this momentum to an even higher level, providing another layer of sophistication and diversification for the U.S. crypto investment market.

As investors and traders take in this new reality, all eyes will be on XRPI and XRPT's performance in their initial weeks of trade—and if and how their success can finally place XRP in the upper echelons of digital currencies.

First US XRP Futures ETFs to List on Nasdaq with Robust Demand

The long-awaited arrival of XRP futures ETFs in the United States has finally arrived. Nasdaq welcomed the introduction of two new funds: XRPI and XRPT on Thursday, a landmark moment for Ripple's natively-held asset as well as the broader crypto investment landscape.

<script src=”https://widgets.coingecko.com/gecko-coin-price-chart-widget.js”></script> <gecko-coin-price-chart-widget locale=”en” outlined=”true” initial-currency=”usd”></gecko-coin-price-chart-widget>

With the demand for regulated cryptocurrency products still simmering, along with the fierce debate over the future of spot XRP ETFs, the attention now is on how these futures-backed funds may shape the next era for XRP.

A New Age for XRP Investing

For years, U.S. investors have been relegated to a hodgepodge of regulatory barriers and limited options if they wish to gain exposure to XRP. The launch of XRPI and XRPT flips that script on its head with a regulated, open means to get exposure to the price movement of XRP in futures contracts. Both funds track the performance of XRP futures listed on the Chicago Mercantile Exchange (CME), the same manner very popular Bitcoin futures ETFs function.

The timing could not be more perfect. XRP has seen renewed demand in 2025, driven by Ripple's ongoing litigation victories and a broader renaissance in the crypto universe. The introduction of these ETFs not only legitimates XRP as an institutional and retail-trading worthy investment but also reflects growing demand for diversified exposure to crypto beyond Ethereum and Bitcoin.

How the Funds Work: Fees, Liquidity, and Providers

XRPI and XRPT were designed to be transparent and accessible. Both funds charge a competitive 0.95% management fee, which is in line with other crypto futures ETFs. Both funds are backed by a suite of leading market makers and liquidity providers, delivering tight spreads and deep order books on Nasdaq from launch.

Institutional investors have already been showing keen interest, with pre-market data signaling strong inflows and trading volumes. The fund issuers have collaborated with top custodians and compliance firms to ensure that all positions are fully collateralized and that investor assets are protected in line with U.S. regulatory platforms.

Will a Futures ETF Open the Door to a Spot Product?

The launch of XRPI and XRPT has fueled speculation that a physically-backed XRP ETF becomes a reality. Market experts cite the SEC approval of these futures instruments as probable spotlights on making the way for a physically-backed XRP ETF in the near term, possibly following the lead of Bitcoin ETFs. It is seen as a sign of faith in the market maturity of XRP and its ability to attract significant institutional funding by most.

Others presume that the introduction of futures-traded ETFs could stabilize XRP's notoriously volatile price action by providing liquidity and drawing in a new group of investors. Others caution that, while regulated, futures products pose potential risk such as tracking error and contango that can impact returns compared to outright spot exposure.

The $8 Question: Can ETFs Take XRP to New Heights?

Most debated, perhaps, among analysts and traders is whether or not the listing of these ETFs can be the catalyst that sends XRP to that much-anticipated $8 price level. While the road to such a level is paved with skepticism, it cannot be dismissed that the psychological effect of a big ETF listing has. History from Bitcoin and Ethereum futures ETFs suggests that increased accessibility and institutional participation can drive both liquidity and price appreciation.

But skeptics point out that macroeconomic environments, regulatory innovations, and general sentiment in the cryptocurrency markets will still be determinative of XRP's trajectory. Launching the futures ETF is a major milestone, but no free ride to the moon.

What It Means for Crypto Markets

The listing of XRPI and XRPT on Nasdaq at the same time as record-breaking open interest in Bitcoin options and increasing activity in crypto derivatives markets comes at a time of sky-high trader sentiment, with Bitcoin itself remaining around the $111,000 level and open interest at historic highs. The successful launch of XRP futures ETFs would take this momentum to an even higher level, providing another layer of sophistication and diversification for the U.S. crypto investment market.

As investors and traders take in this new reality, all eyes will be on XRPI and XRPT's performance in their initial weeks of trade—and if and how their success can finally place XRP in the upper echelons of digital currencies.