Volatility Shares Eyes 5× XRP ETF as Blockchain Poised for 100M Daily Trades
Volatility Shares, a notable player in the leveraged exchange-traded fund (ETF) space, has filed for a 5× leveraged XRP ETF.
This move signals a growing appetite for high-octane cryptocurrency investment products, with the firm also exploring leveraged ETFs for Bitcoin and Ethereum.
- Leveraged ETFs amplify the daily performance of an underlying asset, in this case, XRP, by five times.
- If XRP rises by 1% in a day, the ETF could gain 5%, and conversely, losses are equally magnified.
While such products are designed for short-term traders seeking aggressive exposure, they carry significantly higher risk compared to traditional ETFs.
Author's summary: Volatility Shares files for 5× XRP ETF amid growing demand.