Wall Street Bets on XRP: New Leveraged ETF Proposal Fuels Institutional Interest

The crypto market is buzzing with excitement as Wall Street dives deeper into the world of altcoins. Tidal Trust II has taken a bold step by filing for a leveraged long XRP ETF with the SEC, paving the way for increased institutional investment in XRP beyond Bitcoin and Ethereum. This move follows a period of shifting regulatory attitudes toward cryptocurrency, offering fresh optimism for XRP’s future. 150 to 200% leveraged exposure to XRP’s daily price movements is offered through this new product, designed with an options-based income strategy to ensure consistent returns while amplifying exposure to the asset. The proposal also includes a similar leveraged ETF for Solana (SOL), highlighting a broader diversification trend in crypto funds beyond traditional players.