Folks – it’s happening! In a bold (and awesome) step toward mainstream crypto integration, Volatility Shares will officially launch the first-ever 1x XRP Futures ETF, and trade under the ticker $XRPI on Nasdaq.
This debut marks a historic first for Ripple’s native token and signals that XRP may finally be stepping into the ETF spotlight long dominated by Bitcoin and Ethereum.
“Good signal that there will be demand for this one,” noted Bloomberg ETF analyst Eric Balchunas, pointing to surging interest in crypto-linked investment vehicles.
VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI.. yes there is a 2x XRP already on market (this is first 1x) and it has $120m aum and trades $35m/day. Good signal that there will be demand for this one. pic.twitter.com/rCooyNZgu0
Inside the XRPI Launch: Structure, Exposure, and Strategy
Filed with the U.S. SEC on May 21, the XRPI ETF is part of the Volatility Shares Trust and offers indirect exposure to XRP futures via a wholly-owned Cayman Islands subsidiary. The fund aims to invest at least 80% of its net assets in XRP-linked instruments – providing regulated access to Ripple’s price action without requiring investors to hold the token itself.
This 1x product stands out in a space mostly populated by leveraged plays, making it a more measured approach for those seeking XRP exposure without amplified volatility.
Because some like playing it safe and there’s nothing wrong about that!
The Race for Leverage: XRP’s ETF Wars Heat Up
This isn’t the last stop for Volatility Shares. The firm is preparing to roll out a 2x XRP futures ETF, promising double the daily price appreciation of XRP via leveraged exposure.
Teucrium Investment Advisors launched its 2x leveraged XRP ETF ($XXRP) on April 8, drawing $5.43 million in debut volume and now boasting $120 million in AUM with $35 million in daily trading volume. The demand is clear AND growing.
All Eyes on XRP
The timing couldn’t be better. Just days ago, the Chicago Mercantile Exchange (CME) rolled out XRP Futures and Micro XRP Futures, with CME’s crypto head Giovanni Vicioso noting increased appetite for “regulated derivatives products across a wider range of tokens.”
Meanwhile, the race for a spot XRP ETF is accelerating. Heavyweights like Franklin Templeton, Bitwise, and 21Shares are already lining up. With new SEC Chair Paul Atkins – a noted crypto ally – at the helm, Polymarket betters now place 83% odds on a spot XRP ETF approval this year. Those are some good odds, right?
All in all – say hello to the next phase of XRP’s journey. We’re excited!
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Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what data says about the Bitcoin (BTC) price outlook, alongside insights into the current sentiment in the options market. Remember, this being the last Friday of April, monthly options expired today at 8:00 UTC on Deribit.
Strong Market Expectations of Bitcoin Reaching $100,000
Interestingly, Bitcoin traded well above its max pain or strike price of $86,000. Ordinarily, as options near expiration, an asset’s price would tend to gravitate toward its max pain level. While Bitcoin traded for $93,471 minutes before the options expiry, it is now selling for $94,581.
BeInCrypto contacted Bitfinex analysts for insights into the current market outlook and their perspective on what lies ahead for the Bitcoin price in the short term. According to the analysts, Bitcoin’s price could record further upside after clearing option-based resistance.
“Post-expiry, the market is leaning cautiously bullish, and with the $90,000 strike cluster now cleared, there’s less option-based resistance overhead,” Bitfinex analysts told BeInCrypto.
Further, the analysts observed that many traders have rolled exposure to higher strikes, with $95,000 and $100,000 showing increased call open interest for end-April and May expiries.
While this reflects the expected continued upside, the analysts did not rule out a potential short-term chop.
This aligns with Deribit analysts’ statements that the highest open interest for BTC options was around the $100,000 strike price. This indicates strong market expectations of Bitcoin reaching this level.
As BeInCrypto reported, the analysts ascribed this to traders selling cash-secured put options on Bitcoin. These traders also use stablecoins to collect premiums while buying BTC at lower prices.
BeInCrypto also reported that the Cumulative delta (CD) across BTC and related ETF (exchange-traded fund) options on Deribit reached $9 billion. Bitfinex analysts agree, citing rising spot flows and ETF demand.
“Spot flows and ETF demand have picked up significantly for BTC over the past few days and will now continue to dictate if BTC can establish $90,000 as support,” the analysts added.
Meanwhile, these forecasts add to the list of growing bullish bets on Bitcoin’s price, credibly confirming a sentiment shared in the previous US Crypto News publication.
However, despite strong prospects for more Bitcoin price gains, some analysts urge investors to temper their optimism. One is Innokenty Isers, the Chief Executive Officer at Paybis Exchange.
“Current market outlook suggests that Bitcoin price may face more stiff resistance moving forward. In the last two months, the uncertainty around the tariff war triggered an unusual concern for investors as many decided to temporarily steer clear of more volatile assets like Bitcoin,” Isers told BeInCrypto.
Moreover, the Federal Reserve (Fed) has spotlighted the inflationary risks the tariff war may introduce. Nevertheless, Isers acknowledged clear indications of sustained accumulation of BTC by institutional investors and market whales.
This chart shows that the top Bitcoin options by trading volume over the past 24 hours are call options with strike prices of $95,000 and $100,000, ahead of the May 2 expiry.
Byte-Sized Alpha
Bitcoin rebounds 25% in April, shifting market sentiment from fear to greed, per the Crypto Fear & Greed Index readings.
Cardano gained 15% in a week, holding a bullish structure despite a volume dip and early signs of consolidation near key price levels.
USD1 stablecoin, launched by World Liberty Financial, is subject to the EU’s MiCA regulations, which require compliance with transparency, reserve backing, and conflict of interest rules.
Pi Coin price has gained by 18% in the last two weeks and outperformed some of the top altcoins by market cap. These gains have left investors wondering whether Pi Network might be one of the best investments to make in 2025. In this article, we explore various reasons why a trader should consider holding at least 10,000 PI tokens before the end of the year.
Why You Should Hold 10K Pi Coin Before 2025 Ends
One of the top reasons why a trader should consider holding at least 10,000 Pi Coins before 2025 ends is due to the bullish Pi Network price forecast, shared by Grok3, suggesting that traders who buy now could make returns of up to 700% by 2026.
Grok forecasts that the Pi Coin price might attain a $5 target by 2026, and attributes this price rally to multiple factors, including the adoption of the Pi Open Mainnet and top crypto exchanges listing the token. If a trader buys 10,000 PI tokens today for $6,300 and the price reaches $5, their investment will balloon to $50,000.
Besides posting massive gains in 2026, Pi Coin could also rally to as high as $20 by 2030 per Grok’s prediction. It also added that in a moderate and risky scenario, Pi Coin could reach $200 and $500, respectively, in the next four years.
What Will Drive Pi Network Price Rally?
The main factor that could fuel a massive surge in Pi Coin price is heightened adoption from institutions. As Coingape reported, some of the leading US banks might adopt Pi Network in the coming years, which will bolster investor confidence in the project and drive price gains.
At the same time, Dr. Altcoin has opined that Pi Coin could hit $314 in the next five years amid ongoing efforts by the Pi Core team to support the community. His forecast comes after the team bought back a large number of token unlocks.
“I still believe Pi will reach $314 within the next five years, and I have never been more confident in its future than I am today.”
As the community awaits the adoption of the Pi Network by top institutions, Pi Coin price might likely spearhead crypto market gains towards the end of the year. Traders holding at least 10,000 Pi Coins are poised to make solid returns.
Short-term Target for Pi Coin Price
According to the four-hour Pi Coin price chart, the bearish momentum around the altcoin is weakening, increasing the chances that the altcoin might move past $1. The SMA indicator supports this thesis after the 20-day SMA converged with the 100-day SMA from below, indicating that bullish momentum is building up.
At the same time, the AO histogram bars have crossed the zero line and flipped positive, further confirming that bulls are regaining control. Traders should watch out for a confirmed bullish crossover of the 20-day SMA to confirm that an uptrend will occur.
If Pi Coin price extends its gains, the next resistance level lies at $0.75. If it can break out from this price level, it may flip the market structure to bullish, and kickstart a strong uptrend to this altcoin past $1.
PI/USDT: 4-Hour Chart
In conclusion, the long-term forecast for Pi Coin price is bullish amid signs that the project might receive widespread adoption and usage. Meanwhile, the four-hour chart also shows that bullish momentum is building up. Therefore, traders should consider holding at least 10,000 Pi Network tokens to make significant returns before 2025 ends.
