On Thursday, the Nasdaq welcomed the debut of the first U.S. ETF designed to track XRP futures on a one-to-one basis.

The Volatility Shares XRP ETF (ticker: XRPI) will dedicate at least 80% of its assets to XRP futures contracts and other XRP-linked exchange-traded products, according to the fund’s prospectus.

The fund’s gross expense ratio is 1.15%, with a net expense ratio of 0.94% after applying fee waivers.

Volatility Shares has plans to roll out a leveraged 2x XRP futures ETF in the near future, joining existing players like Teucrium’s XXRP, which launched in April.

Since its inception, XXRP has accumulated $121 million in assets under management. Bloomberg’s senior ETF analyst Eric Balchunas views this as a “strong signal of market appetite” for XRP futures ETFs like XRPI.