XRP ETF (XRPI)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
XRPI Chart
XRPI: XRP Exposure With Yield, But Structural Disadvantages Remain
Volatility Shares XRP ETF (XRPI) receives a 'Hold' rating due to high fees and tracking inefficiencies versus spot ETFs. XRPI offers a 2.98% TTM yield via monthly, variable distributions, providing income absent in spot XRP ETFs. XRPI's $100M+ AUM supports liquidity and institutional relevance, though underperformance versus spot ETFs persists.
XRP ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 51,250 | $388,475 | $315,320.75 | -$73,154.25 | -18.83% |
| YA Yinka Akinsola Blue Trust Inc. | 44,912 | $458,717.94 | $274,861.44 | -$183,856.5 | -40.08% |
| LWM Lodestone Wealth Management LLC Lodestone Wealth Management LLC | 1,867 | $19,734.58 | $11,440.6 | -$8,293.98 | -42.03% |
 Christopher C. Powers Farther Finance Advisors, LLC | 20,698 | $228,853.37 | $124,394.98 | -$104,458.39 | -45.64% |
 Joseph C. Gissy Tactive Advisors, LLC | 215,400 | $2.23M | $1.32M | -$915,220.43 | -41.02% |
XRP ETF (XRPI) FAQ
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XRP ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
XRPI is an actively managed fund that focuses on generating returns connected to XRP futures contracts traded on CFTC-registered exchanges. The fund also invests in collateral assets such as cash and high-quality securities. By employing a strategy that involves participating fully in XRP returns, XRPI leverages the pricing of near-expiry XRP futures contracts and rolls over these contracts before expiration to optimize performance. Although XRPI does not make direct investments in XRP, it is designed to capitalize on price increases in XRP futures, exposing investors to potential risks associated with price declines.
The cryptocurrency XRP primarily facilitates cross-border transactions or payments, utilizing the Ripple network that streamlines international money transfers. Additionally, the fund may invest in a range of financial instruments associated with XRP, thus providing diverse exposure to the cryptocurrency market while managing the inherent risks. XRPI employs a Cayman Islands subsidiary to structure its investment in futures contracts, enabling efficient operations and regulatory compliance.
Products and Services
- XRP Futures Contracts
XRPI invests in XRP futures contracts traded on CFTC-registered exchanges. These contracts allow the fund to gain exposure to the price fluctuations of XRP without directly owning the cryptocurrency itself. The fund aims for full participation in the price movements associated with these futures, rolling contracts prior to expiration to maximize returns.
- Collateral Investments
The fund holds collateral investments, which may include cash and high-quality securities. These investments serve a dual purpose: providing liquidity for the fund’s operations and mitigating risk exposure associated with the volatility of XRP futures contracts.
- XRP-Linked ETPs
XRPI may include shares in other XRP-linked exchange-traded products (ETPs) that are not registered under the 1940 Act, where applicable. This broadens the scope of investment options, enabling the fund to participate in the performance of other financial instruments closely tied to XRP.
- XRP Referenced Indexes
In addition to futures contracts, the fund may invest in indexes that reference XRP, providing a diversified investment strategy that tracks performance indicators related to XRP's market activity.
- Swap Agreements
XRPI also engages in swap agreements that reference XRP, allowing the fund to manage risk and gain exposure to the price movements of XRP in a flexible manner. These agreements can be tailored to meet specific investment needs and market conditions, enhancing the fund’s overall strategy.
