Volatility Shares has filed for three new exchange-traded funds (ETFs) focused on XRP, including a spot XRP ETF, a 2x leveraged XRP ETF, and an inverse -1x XRP ETF. The spot ETF aims to track XRP’s price directly, while the 2x ETF seeks to double daily price movements. The filings come amid rising expectations for regulatory approval of a spot XRP ETF in the U.S. Traders currently predict a 77% chance of approval this year, although the odds before July 31 are lower at 35%. This move sees Volatility Shares join other asset managers looking to launch XRP ETFs in the U.S., as Brazil prepares to debut the first spot XRP ETF approved by its securities regulator.
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