Volatility’s actions, an asset manager known for launching innovative funds quoted in the stock market (ETF), has requested three new XRP -centered products. These include an ETF XRP Spot, an ETF XRP leverage 2x and an inverse ETF -1x XRP.
The ETF Spot XRP is designed to track the price of cryptocurrency directly, while the ETF 2x XRP aims to amplify daily price movements in a two -factor. The ETF of -1x XRP offers investors a way of betting against the price of XRP, which reflects the reverse of their daily performance.
This last movement occurs as expectations for the regulatory approval of an ETF spot XRP increase. Polymket merchants are currently weighing 77% chances that an ETF Spot XRP receives approval this year. However, the probabilities received before July 31 are lower, to 35%.
The presentations of the actions of volatility see that they join other asset administrators that seek to launch ETF XRP in the United States, including Grayscale, Wisdomtree, Bitwise, 21Shares, Coinshares and Canary Capital.
Last month, the United States Stock Exchange and Securities Commission (SEC) began its clock for making a decision on an ETF XRP presentation by recognizing a 19B-4 presentation by the New York Stock Exchange and the gray scale. However, the world’s first ETF XRP Spot will soon debut in Brazil after being approved by the country’s securities regulator.
