XRP News Today: Volatility Shares Files for Three XRP ETFs, Sparking Market Excitement

Volatility Shares Trust has recently filed for three XRP exchange-traded fund (ETF) products, sparking excitement within the XRP community. The filings include a spot XRP ETF, a 2x leveraged XRP ETF, and a -1x inverse XRP ETF. These products aim to offer investors various forms of exposure to XRP, including direct tracking, enhanced upside, and short positioning. The spot ETF would directly follow the price of XRP, the 2x leveraged product aims to deliver twice the daily performance of XRP, and the inverse ETF would provide the opposite of XRP’s daily returns.

This move by Volatility Shares is part of a broader push to introduce cryptocurrency-based ETFs to the market. The company previously launched a 2x Bitcoin ETF in the U.S. and is now extending its lineup to include XRP. The products are intended to be listed on the Nasdaq Stock Market LLC, according to regulatory documents filed under Form 8-A12B on May 16, 2025.

Volatility Shares is not alone in seeking approval for XRP ETFs. Other firms, including Grayscale, Bitwise, WisdomTree, 21Shares, and CoinShares, have also applied for similar products. The U.S. market is awaiting the SEC's decision, while crypto markets worldwide are progressing. Brazil’s securities regulator has approved the world’s first spot XRP ETF, adding pressure on U.S. regulators to authorize similar products domestically.

The market conditions surrounding XRP ETFs have evolved notably in 2025. International approvals and successful domestic launches provide a favorable backdrop for further expansion. Regulatory clarity around XRP has also improved following the settlement agreement between Ripple and the SEC. While both parties have faced a recent setback, experts believe the official resolution of the lawsuit will come soon, cementing XRP’s legal clarity and opening the door for institutional investment through ETFs and other products.

Teucrium, a prominent ETF issuer, has recently made a significant move in the cryptocurrency market by applying for three XRP ETFs. This development comes on the heels of gaining approval for its 2x XRP ETF in the U.S., which has since proven to be a successful product. The Teucrium 2x Long Daily XRP ETF, with the ticker symbol XXRP, has accumulated over $106 million in assets since its approval in April. Notably, the fund has added assets in all weeks since its inception, with the most recent week being its best, adding $30.4 million in assets. This influx of capital indicates a strong demand for XRP ETFs on Wall Street.

The ongoing inflows into the XXRP ETF are a clear sign of investor interest in XRP. This demand is particularly noteworthy when compared to other cryptocurrency ETFs. For instance, Spot Ethereum ETFs have added just $2.5 billion in assets since September, while the 2X Solana ETF (SOLT) has only $30 million. The success of the XXRP ETF mirrors the positive outlook for XRP ETFs, as predicted by some analysts. The next significant milestone to watch is the SEC's ruling on the Franklin Templeton XRP ETF in June. It is anticipated that the SEC will delay the ETF approval again, but it is expected to be approved alongside those of companies like Bitwise and VanEck ahead of their October 15 deadline.

The XXRP ETF is distinct from spot XRP ETFs in several ways. Firstly, it is a more expensive fund to own due to its 1.89% expense ratio. In contrast, existing ETH and BTC ETFs have expense ratios of less than 0.50%. Additionally, the XXRP ETF is leveraged, allowing investors to achieve 2 times the daily returns of XRP. For example, it dropped by almost 3% on a recent Friday as Ripple (XRP) fell by 1.5%. The long-term performance of a leveraged ETF can vary significantly depending on the underlying asset. For instance, the leveraged ProShares UltraPro QQQ ETF has jumped by 270% in the last five years, while the Nasdaq 100 Index has risen by 130% in the same period. The XXRP has jumped by 58% since inception, while the XRP has risen by 15%.

Despite the success of the XXRP ETF, it is important to note that rumors about BlackRock launching an XRP ETF have been circulating, but there has been no official confirmation from the company. Experts suggest that such a move could happen if Ripple clears regulatory hurdles. The ongoing legal battles and regulatory uncertainties surrounding XRP have been a significant factor in the market's perception of the cryptocurrency. However, recent developments, such as the withdrawal of the SEC lawsuit and favorable rulings by Judge Torres, have provided a boost to XRP's momentum. Additionally, the approval of ProShares' XRP Futures ETF and Brazil's first XRP Spot ETF have further fueled investor interest in XRP.