ETF Heat Check: Top 5 Leveraged Movers of the Week

Weekly Market Summary

It was a tale of two risk assets. U.S. stocks notched fresh highs after the Federal Reserve’s June-meeting minutes showed policymakers edging closer to rate cuts should tariff-driven inflation prove fleeting. Traders now price roughly a one-in-four chance of a cut at the July 30 meeting, while second-quarter earnings kick off next week with money-center banks in focus.

At the same time, crypto markets exploded higher. Bitcoin sprinted past $116 k to a new record as dovish-Fed bets and unrelenting spot-ETF inflows rekindled animal spirits. Ether tagged $3 k on its strongest single-day ETF inflow since 2024, and XRP ripped on signs its years-long courtroom battle may soon end.

Top 5 Leveraged ETF Movers

1. Volatility Shares 2× XRP ETF (XRPT) | +53.26 %

Ripple’s decision to withdraw its cross-appeal—and reports the SEC may also stand down—sparked speculation that a spot-XRP ETF could win approval before year-end, unleashing a wave of institutional demand. Leveraged funds like XRPT became the vehicle of choice for short-term traders chasing the breakout.

2. Teucrium 2× Long Daily XRP ETF (XXRP) | +51.26 %

XXRP tracked the same legal-relief rally, amplifying XRP’s double-digit spot gain. Its smaller asset base magnified price swings, drawing momentum algorithms that specialize in thin-float leveraged products.

3. 2× Ether ETF (ETHU) | +37.67 %

Ether funds caught a bid after $383 million poured into existing spot ETFs on July 10—the best day for Ethereum inflows this year. Talk of an SEC “fast-track” for additional crypto-ETF filings added further tailwind.

4. T-Rex 2× Long Ether Daily Target ETF (ETU) | +37.16 %

ETU surfed the same wave, with traders favoring its daily-target leverage design to capture intra-day volatility as Ether reclaimed the $3 k handle.

5. ProShares Ultra Ether ETF (ETHT) | +36.84 %

ETHT rounded out the leaderboard, lifted by renewed institutional interest and spill-over enthusiasm from Bitcoin’s record run.

Conclusion & Outlook

Crypto-centric leveraged ETFs dominated the tape, underscoring how regulatory headlines can eclipse traditional macro drivers in this corner of the market. Remember, leveraged ETFs reset daily; compounding can erode returns if the underlying chops sideways, and expense ratios are typically higher than vanilla funds. They’re best viewed as short-term tactical tools, not buy-and-hold vehicles.

Whether momentum carries into next week hinges on two catalysts: Tuesday’s U.S. CPI report and the opening salvo of bank earnings. A hotter-than-expected inflation print or downbeat guidance could sap risk appetite, while any concrete SEC statement on Ripple or additional crypto-ETF filings would likely keep the fire burning. Traders should stay nimble, when leverage cuts both ways, a single headline can turn a 50 % weekly win into a round-trip before the next reset.

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