Volatility Stock, an asset manager known for launching funds (ETFs) traded on innovative exchanges, has filed for three new products, mainly XRP. These include Spot XRP ETFs, 2x Leverage XRP ETFs, and Inverse-1x XRP ETFs.
The Spot XRP ETF is designed to directly track cryptocurrency prices, while the 2x XRP ETF aims to double the daily price movement. -1x XRP ETFs offer investors a way to bet on XRP prices, reflecting the reverse of daily performance.
This latest move comes as expectations for regulatory approval for Spot XRP ETFs grow. Polymarket traders now show that Spot XRP ETFs are currently 77% likely to receive approval this year. However, the odds for approvals before July 31st are 35% lower.
Volatility stock filing has joined a variety of other asset managers considering launching an XRP ETF in the US, including Grayscale, Wisdom Tree, Bitwise, 21 Share, Coin Share, and Canary Capital.
Last month, the Securities and Exchange Commission (SEC) launched its watch to make a decision on a single XRP ETF filing, allowing it to file a 19B-4 with the New York Stock Exchange and Grayscale. However, the world’s first XRP ETF is scheduled to debut in Brazil soon after being approved by the national securities regulator.
