Key Highlights:
- Volatility Shares has filed for a spot XRP ETF, a 2x leveraged XRP ETF, and an inverse -1x XRP ETF.
- Traders anticipate a 77% chance of spot XRP ETF approval in the US this year, though the odds before July 31 are lower.
- Volatility Shares joins Grayscale, WisdomTree, and several others seeking to launch XRP ETFs in the US.
Volatility Shares, a notable asset manager, has recently submitted an application for three XRP-focused exchange-traded funds (ETFs). These include:
- A spot XRP ETF intended to directly track the cryptocurrency’s price.
- A 2x leveraged XRP ETF designed to amplify daily price movements by a factor of two.
- An inverse -1x XRP ETF offering the ability to bet against XRP’s price.
As expectations for regulatory approval of a spot XRP ETF rise, traders on Polymarket assess a 77% chance that such an ETF will be approved this year. However, the probabilities of approval before July 31 are much lower, around 35%.
This filing marks Volatility Shares as part of a growing trend among asset managers looking to launch XRP ETFs in the United States, alongside companies like Grayscale, WisdomTree, Bitwise, 21Shares, CoinShares, and Canary Capital.
Recently, the U.S. Securities and Exchange Commission (SEC) initiated a timer for making a decision on an XRP ETF filing after acknowledging a previous submission by the New York Stock Exchange and Grayscale. The world’s first spot XRP ETF is poised to launch in Brazil, having received approval from that nation’s securities regulator.
