Volatility Shares has proposed three new XRP products, including a unique ETF that allows investors to bet against XRP. The firm has also filed for a standard spot XRP ETF and a leveraged ETF that doubles the performance of XRP. The filings highlight risks associated with XRP, such as an increase in token supply, forks in the XRP Ledger, and potential security classification. Volatility Shares previously launched the first leveraged Bitcoin futures ETF. Despite the US Securities and Exchange Commission (SEC) not dropping its appeal against Ripple, it has acknowledged various XRP ETF filings. The odds of an XRP ETF being approved in the US have decreased, but some betting platforms predict a 76% chance of approval this year. The SEC will need to make a decision on an XRP ETF by October 18. A spot XRP ETF has recently been approved in Brazil.



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