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Highlights
- Tidal Trust II has filed with the SEC to launch the Defiance Leveraged Long + Income XRP ETF.
- The ETF will provide 150–200% leveraged exposure to XRP’s daily price performance with an added options-based income strategy
- Filing shows Wall Street’s growing shift from just Bitcoin and Ethereum ETFs to altcoin-focused products like XRP and SOL.
In the latest XRP News, Tidal Trust II has submitted a filing to the SEC for a leveraged long XRP ETF. This comes at a time when regulatory laws in the United States are softening.
Tidal Trust Pushes Forward With XRP ETF Filing
Tidal Trust II has submitted a Form N-1A Post-Effective Amendment to the SEC to register the Defiance Leveraged Long + Income XRP ETF. Alongside this, a similar leveraged ETF for Solana (SOL) was also included.
This suggests that Wall Street-backed crypto investment products are expanding beyond Bitcoin and Ethereum to include altcoins like XRP and SOL.
The new ETF offers 150%–200% leveraged exposure to XRP’s daily price changes. It also uses an options-based income strategy. This setup aims to provide higher returns and steady cash flow for investors who want specific exposure without using margin accounts.
Notably, the main goal of this product is to achieve long-term capital growth, while generating current income is a secondary aim. To achieve these goals, the funds use a strategy that amplifies exposure to the underlying asset. They also use a method called credit call spreads to generate extra income. It would also help reduce the risks associated with leverage.
With the help of this product, pension funds, insurance providers, and retirement portfolios may be able to interact with XRP more extensively. Additionally, it might deepen trading volumes and change market liquidity. This follows NYSE Arca’s approval earlier this year for Teucrium’s 2x Long Daily XRP ETF to be listed.
Positive Regulatory Shifts Boost XRP’s Prospects
Ripple has continued to experience a wave of bullish momentum since the conclusion of the XRP lawsuit. For instance, the SEC removed Ripple’s five-year fundraising cap. With this modification, the company can now raise an unlimited amount of money from accredited investors without having to register with the SEC. This could greatly increase its funding options.
Although the SEC delayed decisions on several spot XRP ETF proposals from many firms, pushing final rulings to October. However, ETF analyst Nate Geraci has suggested that final ETF approvals could come by then, seeing that it is the final deadline.
SEC Chair Paul Atkins recently said that “very few” tokens should be categorized as securities, which is another encouraging indication. This is a significant shift from the regulator’s traditionally strict approach. Additionally, he introduced Project Crypto, an effort to update securities laws to support financial markets based on blockchain technology.
The Tidal Trust II filing shows how quickly the digital asset investment landscape is changing. Meanwhile, the Teucrium product is already seeing strong demand, attracting over $284 million in assets within four months. It also surpassed $400 million by August. This suggests that more investors are interested in leveraged XRP products.
Furthermore, CME XRP futures open interest just hit a record high, which also underscores the massive demand for the altcoin among institutional investors. Global XRP derivatives have hit $7.5 billion, indicating bullish positioning.
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