For context, futures-based exchange-traded funds are a type of investment product that holds the futures contracts of an asset. A futures contract is a financial instrument that allows an investor to buy an asset at a predetermined price on a predetermined date.
While Teucrium launched the first US-based XRP ETF (a 2x leveraged fund) in April, Volatility Shares offered the first non-leveraged futures-based XRP exchange-traded fund in May. As shown in the chart below, both the SOL and XRP ETFs had posted only modest monthly performances up until July—where they each posted approximately $350 million in capital inflows.
Geraci noted that these figures include REX-Osprey’s Solana staking exchange-traded fund, which boasts up to $150 million in assets under management. According to the ETF expert, this performance proves that there will be demand for spot SOL and XRP ETFs.
In a second post on X, Geraci reiterated his belief that BlackRock would be looking to expand its crypto ETF portfolio. “And I’m being told BlackRock doesn’t want a piece of this?” the ETF expert said, referring to the attention being enjoyed by the future-based version of the XRP exchange-traded fund.
Featured image from Pexels, chart from TradingView
