XRPI (Volatility Shares Trust XRP ETF) is an actively managed exchange-traded fund designed to give investors exposure to the cryptocurrency XRP through derivative instruments rather than by holding XRP directly. The fund primarily uses near-term futures contracts tied to XRP, along with XRP-linked instruments and other collateral investments, to track XRP's price movements.

Launched on May 22, 2025, XRPI is built for investors who want regulated exposure to XRP via a brokerage account—without the complexities of managing wallets or self-custody. StockAnalysis+1 Its structure includes both cash equivalents and futures exposure, facilitating participation in XRP’s potential upside while emphasizing familiar ETF mechanics.

XRPI appeals particularly to those who want exposure to XRP but prefer an investment vehicle that operates through regulated markets. Since it avoids the need for cryptocurrency wallets, exchanges, or direct custody, it reduces some operational and security risks. It also offers a relatively simple way to diversify into digital asset exposure via familiar ETF formats.