New ETF for XRP Bears Proposed in US

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Will XRP Bears Finally Get Their Day in the Sun? 🐻💰

In the grand theater of finance, where the players are as unpredictable as a cat on a hot tin roof, a curious spectacle has emerged. Volatility Shares, a firm with aspirations as lofty as a kite in a tempest, has unveiled its latest trio of XRP products, each more audacious than the last.

Among these, a most peculiar creation has taken center stage: the -1x XRP ETF. Yes, dear reader, you heard it right! This innovative contraption allows the bears—those pessimistic souls who find joy in the misfortunes of the Ripple-affiliated token—to wager against it. One can only imagine the glee of those who thrive on the misadventures of others! 🎭

Picture this: the daily performance of this ETF will dance inversely to the whims of the XRP price, a veritable tango of financial fate. Meanwhile, the firm has also proposed a rather pedestrian spot XRP ETF, alongside another leveraged product that promises to double the performance of the Ripple-linked token. Because, of course, who doesn’t want to gamble twice as much on a rollercoaster ride? 🎢

In their filings, Volatility Shares has graciously outlined the perils that accompany XRP, including an increase in the global supply of the token, forks in the XRP Ledger (not the kind you eat with, mind you), and the ever-looming specter of regulatory scrutiny. Ah, the joys of modern finance! 😅

Let us not forget that Volatility Shares is the same firm that brought forth the very first leveraged Bitcoin futures ETF back in June 2023, a feat that was celebrated with the kind of fanfare usually reserved for royal births. And yet, here we are, with the U.S. Securities and Exchange Commission (SEC) acknowledging various XRP ETF filings while still holding onto its appeal against Ripple like a dog with a bone.

As the clock ticks down to the SEC’s decision on whether to approve an XRP ETF by October 18, the odds of such a product seeing the light of day have, alas, dwindled. According to the wise sages at Polymarket, there’s a mere 76% chance of this happening within the year. A veritable cliffhanger, wouldn’t you say? ⏳

Meanwhile, in a twist that could only be described as deliciously ironic, a spot XRP ETF has recently been given the green light in Brazil. Ah, the world of finance, where the absurd often reigns supreme! 🌎

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2025-03-09 13:15