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Crypto

XRP-linked ETFs rise as short-term momentum emerges despite low volumes

Major XRP spot exchange-traded funds rose in recent trading, with buying seen across spot and leveraged products despite thin volumes. Data compiled by SoSoValue and CoinGlass showed small gains for products including Bitwise’s XRP, Canary’s XRPC, Franklin’s EZRP, 21Shares’ TOXR and Grayscale’s GXRP. Leveraged funds also advanced. Total daily trading in XRP spot ETFs was $7.65 million, below $10 million and far less than BlackRock’s IBIT at $34.8 million.

Crypto

U.S. ETF issuer Volatility Shares expands altcoin leveraged ETF lineup

U.S. exchange-traded fund issuer Volatility Shares has listed six ETFs based on Cardano, Stellar and Chainlink on Cboe’s BZX Exchange. The lineup includes a 1x ETF that tracks spot returns and a 2x ETF targeting twice the daily return, with separate tickers for each asset. Data show the firm manages more than $3 billion in assets as of March 30, including about $960 million in its BITX leveraged bitcoin futures ETF.