Aggressive Strategy: Tidal Trust II Seeks SEC Approval for Leveraged XRP and Solana ETFs

Discover the most recent developments within the AI & Blockchain area. This article dives into: “Aggressive Strategy: Tidal Trust II Seeks SEC Approval for Leveraged XRP and Solana ETFs”.

• Tidal Trust II has filed with the SEC to launch two leveraged ETFs that would offer every day returns of 150% to 200% on XRP and Solana.
• The funds is not going to maintain the cryptocurrencies immediately however will spend money on derivatives, corresponding to swaps and futures, tied to current US-listed XRP and Solana ETFs.
• The proposal is one other signal of rising institutional curiosity in altcoins, including to a pipeline of merchandise searching for to supply regulated entry to high-cap cryptocurrencies regardless of SEC delays.

Tidal Trust II has filed with the US Securities and Exchange Commission (SEC) to launch two exchange-traded funds providing leveraged publicity to XRP and Solana. 

The Aug. 19 Form N-1A submission particulars merchandise that would offer every day returns of 150% to 200% of the underlying belongings.

The proposed funds is not going to maintain XRP or SOL immediately. Instead, they’ll spend money on derivatives corresponding to swaps, choices, and futures tied to US-listed XRP and Solana ETFs. 

Tidal mentioned the construction is designed to ship each capital appreciation and earnings, utilizing choices methods together with credit score name spreads to offset a few of the threat inherent in leveraged publicity. The strategy permits buyers to entry amplified returns with out utilizing margin buying and selling.

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Investor urge for food for structured XRP and Solana merchandise is already seen. The Teucrium 2x Long Daily XRP ETF (XXRP) just lately surpassed US$400M (AU$608M) in internet belongings, the primary US-traded XRP product to cross that mark. The REX Shares Solana Staking ETF (SSK), launched lower than two months in the past, has already attracted greater than US$160M (AU$243M) in inflows.

A Step in Broadening Crypto-Linked Investment Products

Tidal Trust’s proposal is one other sign that a whole lot of capital is ready to enter the altcoin market, additionally marking one other step in broadening crypto-linked funding automobiles. 

The funds add to a rising pipeline of merchandise aimed toward institutional and retail buyers searching for regulated entry to high-cap cryptocurrencies. Recall that the SEC just lately pushed again rulings on at the very least 9 ETF filings. Now all of these automobiles fall into the identical October cluster.

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