Volatility Shares 2x XRP ETF (XRPT) USD Price

XRPT (Volatility Shares Trust XRP 2X ETF) is a leveraged exchange-traded fund that seeks to deliver twice (2×) the daily performance of XRP, using futures contracts and XRP-linked derivative instruments instead of holding XRP directly. Launched on May 22, 2025, XRPT is designed to offer amplified exposure to XRP/USD price movements, making it a tool aimed at more tactical or short-term investors rather than long-term holders.

The fund is actively managed by Volatility Shares, with an expense ratio around 0.94%. It uses collateral investments such as cash equivalents and high-quality securities to back its positions in XRP futures and similar instruments, in order to maintain its 2× daily leverage target. 

Because XRPT resets daily, its performance over periods longer than one day will often diverge from exactly 2× the return of XRP. In volatile markets, this divergence can be substantial. The use of futures and derivatives brings in risks like roll costs, liquidity constraints, and potential losses—especially if price movements are not favorable. Investors should understand that XRPT is more suitable for those who are comfortable with high volatility, leverage, and the possibility of rapid value changes.