The first ever US-based Exchange-Traded Fund (ETF), which tracks XRP futures on a one-on-one basis, began to act on the NASDAQ exchange on Thursday.

The volatility shares the XRP ETF (XRPI) has a gross cost ratio of 1.15% and a net cost ratio after exemptions of 0.94%.

The fund will invest at least 80% of its assets in XRP Futures contracts and shares in other XRP-bound ETPs, according to a prospectus. Volatility shares also plan to launch a geared 2x XRP Futures Etf, where it would join the Teucrium (XXRP), which opened for business in April ..

The XXRP has so far drawn $ 121 million in assets-under-management, as Bloomberg Senior Etf analyst Eric Balchunased characterized as a “good signal that there will be demand” for XRPI.