What to know:
- Volatility Shares has filed for a spot XRP ETF, a 2x leveraged XRP ETF, and an inverse -1x XRP ETF. Yes, they really went all-in.
- Traders are betting there’s a 77% chance of a spot XRP ETF approval this year… but don’t hold your breath until after July 31.
- Joining the XRP ETF circus: Volatility Shares, Grayscale, WisdomTree, and a handful of other hopefuls. It’s like the crypto version of “The Hunger Games.”
Ah, Volatility Shares — the asset management company known for throwing innovation into the air like confetti. And now, for their next trick, they’ve filed for not one, not two, but three shiny new XRP-based ETFs. As though the world doesn’t have enough to keep track of, right?
Let’s break it down: the spot XRP ETF is meant to directly mirror the price of XRP, in case you’re feeling extra brave. The 2x leveraged XRP ETF, however, is the bold daredevil, aiming to double the daily price fluctuations. And for those of you with a bit of a mischievous streak, there’s the inverse -1x XRP ETF — it’s like betting against your favorite crypto at a cocktail party. A real plot twist.
Traders, being the optimists they are, are eyeing a 77% chance that the spot XRP ETF will be approved this year. But let’s not get ahead of ourselves — the odds of that happening before July 31? Only 35%. So, if you’re planning to pop the champagne early, maybe hold off a little longer.
With Volatility Shares now entering the fray, they join a motley crew of other asset managers like Grayscale, WisdomTree, Bitwise, and more, all hoping to ride the wave of the next big thing in XRP ETFs. Talk about an all-star lineup.
In the SEC’s latest episode of “Will They or Won’t They?”, the U.S. Securities and Exchange Commission (SEC) has officially kicked off the countdown for a decision on one XRP ETF filing. The NYSE and Grayscale are anxiously waiting for the green light. But in the meantime, the first-ever spot XRP ETF is gearing up for its debut in Brazil — approved by the local regulators. Guess someone’s ahead of the game.
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2025-03-08 19:43