XRP News Today: Tuttle Capital Launches 2X Long XRP ETF May 21 2025

Tuttle Capital Management has announced the launch date for its highly anticipated Tuttle Capital 2X Long XRP Daily Target ETF, set for Wednesday, May 21, 2025. This news, shared by crypto influencer JackTheRippler, marks a significant development for XRP enthusiasts and investors looking for leveraged exposure to the digital asset.

The Tuttle Capital 2X Long XRP Daily Target ETF is designed to offer investors twice the daily return of XRP’s performance. This leveraged product aims to amplify daily gains and losses by 200%, utilizing financial instruments such as swaps, call options, and direct investments in XRP and related exchange-traded products. This approach is tailored for experienced traders seeking to capitalize on short-term price movements in the volatile cryptocurrency market.

Tuttle Capital’s filing with the U.S. Securities and Exchange Commission (SEC) includes a suite of ten leveraged crypto ETFs, covering assets like Solana (SOL), Cardano (ADA), and memecoins such as TRUMP and MELANIA. The inclusion of XRP in this lineup highlights the asset’s growing prominence and the increasing demand for diversified investment vehicles in the crypto space.

The SEC’s evolving stance on cryptocurrency-related financial products has been a focal point of discussion. Following the approval of Bitcoin and Ethereum ETFs, attention has shifted to other digital assets, with XRP being a notable contender. The regulatory body’s decision to delay rulings on several XRP ETF applications, including those from Grayscale and Bitwise, has heightened anticipation for potential approvals soon. Analysts predict a high likelihood of XRP ETF approvals by May 2025, influenced by the ongoing Ripple legal case and shifting regulatory sentiments.

Ripple CEO Brad Garlinghouse has expressed optimism regarding the future of XRP ETFs, stating that their approval is ‘inevitable.’ He also highlighted the potential for XRP to be integrated into the U.S. Strategic Crypto Reserve, reflecting the asset’s increasing acceptance and institutional interest.

The launch of the Tuttle Capital 2X Long XRP Daily Target ETF represents a significant milestone in the maturation of cryptocurrency investment products. As the market continues to evolve, such offerings provide investors with innovative avenues to engage with digital assets, balancing the pursuit of amplified returns with the inherent risks associated with leveraged trading.