Volatility Shares Proposes New XRP ETFs

Volatility Shares, a firm specializing in innovative leveraged exchange-traded funds (ETFs), has proposed three new XRP products.

Notably, the firm has filed for a unique ETF product known as the -1x XRP ETF, designed to allow investors to bet against the Ripple-affiliated token. This product’s daily performance will inversely correspond to the XRP price’s return.

In addition to this, Volatility Shares has also filed for a standard spot XRP ETF and an additional leveraged ETF that would double the performance of the Ripple-linked token.

The filings highlight several risks associated with XRP, including:
– An increase in the global supply of XRP
– Forks in the XRP Ledger
– The determination that XRP is a security
– Manipulative trading activity

Volatility Shares is well-known for launching the first leveraged Bitcoin futures ETF back in June 2023, prior to the debut of the first spot Bitcoin ETFs.

As reported by U.Today, the U.S. Securities and Exchange Commission (SEC) has recently acknowledged various XRP ETF filings, even as it continues its appeal against Ripple.

According to Polymarket data, the likelihood of such an ETF being approved in the U.S. has significantly decreased over the past two months. Currently, users of the betting website estimate a 76% chance of approval occurring this year.

The SEC is expected to make a decision regarding the approval of an XRP ETF by October 18. Meanwhile, a spot XRP ETF has been recently approved in Brazil.