Trading a XRP straddle lets you take a pure volatility position on Bitwise XRP ETF without committing to a direction. Bitwise XRP ETF's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate XRP straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on XRP profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Bitwise XRP ETF stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the XRP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund is managed passively to offer exposure to XRP through an ETF structure. Holdings are priced based on the CME CF XRP Dollar Reference Rate New York Variant. This is a once-a-day, USD-denominated benchmark index price for XRP, calculated at 4:00 PM Eastern Time (ET). The reference rate is determined by aggregating the executed trade flows from major XRP trading platforms. Additionally, an Indicative Trust Value (ITV) based on the CME XRP Real-Time Price will be published per share every 15 seconds during regular exchange hours, which are from 9:30 AM to 4:00 PM ET. XRP can be used to pay for goods and services or be converted to fiat currencies.
However, its primary function is transactional utility and not a store of value. The XRP Ledger and XRP aim to improve the speed of transactions, while also reducing the fees and delays associated with the traditional methods of interbank payments.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the XRP straddle is the cleanest expression of that view. Our scanner prices every XRP straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a XRP straddle into a catalyst or short a XRP straddle to harvest decay, the options straddle setups that matter are all in one place.
