Volatility Shares, an active company in developing leveraged ETFs, has proposed three new products related to Ripple (XRP). One of these products is a reverse ETF that allows investors with a bearish view to bet on the decrease in Ripple’s price. The daily performance of this product will mirror the changes in Ripple’s price. Additionally, Volatility Shares has filed for another spot ETF and a leveraged ETF that doubles Ripple’s returns. In the filed documents, the company has pointed out some risks associated with Ripple, including the increase in global token supply, the possibility of Ripple network forking, the risk of being classified as securities, and suspicious trading activities. Volatility Shares had previously launched the first leveraged futures Bitcoin ETF in June 2023. However, the U.S. Securities and Exchange Commission (SEC) has reviewed the Ripple ETF applications but has not yet concluded its legal case against this project. According to Polymarket data, the likelihood of Ripple ETF approval in the U.S. has decreased in the past two months, currently estimated at 76%. Based on the ongoing plans, the SEC must make a decision regarding this product’s approval by October 18th. Meanwhile, a Ripple spot ETF has recently been approved in Brazil. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantaneously.
