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Ethereum Floods Exchanges As Bitcoin Remains Unshaken: Market Braces For Volatility
NFT Gaming

Ethereum Floods Exchanges As Bitcoin Remains Unshaken: Market Braces For Volatility

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Ethereum is navigating renewed volatility after weeks of relentless gains and bullish momentum. The world’s second-largest cryptocurrency surged to its highest levels in years, but bulls are now locked in a battle to defend the $4,200 mark. This price point has emerged as a crucial short-term support, with institutional buyers continuing to accumulate ETH despite recent turbulence in broader markets.

What stands out in this phase is Ethereum’s exchange inflow activity compared to Bitcoin. Over the past month, the two assets have displayed sharply different patterns. While Bitcoin’s inflows have remained relatively moderate, signaling stability and limited selling pressure, Ethereum has seen a significant uptick in coins moving onto exchanges.

This divergence suggests a more dynamic market structure for Ethereum. Rising inflows could indicate profit-taking by long-term holders, or repositioning by large investors preparing for volatility or upcoming catalysts in the ETH ecosystem. Still, institutional interest, alongside strengthening fundamentals such as declining supply on exchanges, continues to support Ethereum’s long-term outlook. Traders now watch closely to see if ETH can hold $4,200 and stabilize for another leg higher.

Bitcoin vs. Ethereum: Divergence in Exchange Inflows

According to on-chain data from CryptoQuant, Bitcoin (BTC) and Ethereum (ETH) are showing a clear divergence in exchange inflows, signaling very different dynamics at play in the market. Bitcoin inflows have remained moderate, fluctuating between 12,000 and 70,000 BTC per day.

While there have been brief spikes in mid-July and around August 1st, these movements have not persisted long enough to suggest a broader trend. This steadiness implies that BTC holders are not rushing to exchanges, which reduces immediate selling pressure. It also reinforces the idea that sentiment around Bitcoin remains relatively stable despite recent volatility in price action.

Ethereum, however, is telling a different story. Over the past several weeks, ETH inflows have surged significantly, with daily exchange inflows repeatedly climbing above 2 million ETH in mid-August and peaking near 2.6 million ETH. This marks a sharp increase compared to late July, when inflows often sat below 1.5 million ETH.

Ethereum Exchange Inflow | Source: CryptoQuant

Such elevated activity suggests large-scale repositioning among major holders or increased profit-taking following ETH’s strong rally. The data highlights that Ethereum is entering a more active trading phase, potentially introducing short-term selling pressure that could influence price direction.

The divergence is striking: Bitcoin inflows suggest relative calm, while Ethereum inflows signal heightened market activity. This imbalance means traders should watch ETH closely, as sustained exchange inflows could either spark a corrective pullback or serve as a stepping stone for a renewed rally, depending on how the market digests the additional liquidity.

Technical Details: Key Price Levels

Ethereum’s recent price action shows a notable retracement following weeks of strong bullish momentum. After peaking near $4,790, ETH has pulled back to around $4,272, reflecting an 11% decline. This move has brought the price back toward a critical support zone at $4,200, where bulls are currently attempting to defend against further downside pressure.

ETH consolidates around key levels | Source: ETHUSDT chart on TradingView

The chart highlights that Ethereum remains well above its key moving averages (50, 100, and 200-day), which are all trending upward and reinforcing a broader bullish structure. Despite the sharp retracement, the longer-term trend still favors buyers, as ETH has maintained higher highs and higher lows since its reversal earlier this year.

A breakdown below $4,200 zone could open the door to $3,800–$3,900, while a successful defense could set the stage for another attempt at the $4,800–$5,000 region. Overall, Ethereum’s chart continues to show bullish strength, though volatility remains high.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Volatility crashing across asset classes (TradingView)
GameFi Guides

Volatility Meltdown Everywhere as Powell’s Jackson Hole Speech Looms

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A pervasive calm has taken hold of asset classes as traders look forward to Federal Reserve (Fed) Chairman Jerome Powell’s speech at the annual Jackson Hole Symposium, scheduled for Aug. 21-23.

Bitcoin’s (BTC) 30-day implied volatility, as measured by Volmex’s BVIV and Deribit’s DVOL index, has declined sharply in recent months, hovering near two-year lows of around 36% last week, according to TradingView data.

Similarly, the CME Gold Volatility Index (GVZ), which estimates the expected 30-day volatility of returns for the SPDR Gold Shares ETF (GLD), has more than halved over the past four months, dropping to 15.22%—its lowest level since January.

The MOVE index, which tracks the 30-day implied volatility of Treasury notes, has also declined in recent months, reaching a 3.5-year low of 76%.

Meanwhile, the VIX, widely regarded as Wall Street’s “fear gauge,” fell below 14% last week, down substantially from its early April highs near 45%. A similar vol compression is seen in FX majors such as the EUR/USD.

Rates are ‘still high’

The pronounced slide in volatility across major assets comes as central banks, particularly the Fed, are expected to deliver rate cuts from restrictive territory, rather than amid a crisis.

“Most major economies are not easing from ultra-low or emergency levels like we saw after the financial crisis or during COVID. They’re cutting from restrictive territory, meaning rates are still high enough to slow growth, and in many cases, real rates, adjusted for inflation, are still positive. That’s a big shift from the last easing cycles, and it changes how the next phase plays out,” pseudonymous observer Endgame Macro noted on X, explaining the bull run in all assets, including cryptocurrencies and stock markets.

According to the CME’s FedWatch tool, the Fed is expected to cut rates by 25 basis points in September, resuming the easing cycle after an eight-month pause. Investment banking giant JPMorgan expects the benchmark borrowing cost to drop to 3.25%-3.5% by the end of the first quarter of 2026, a 100-basis-point decrease from the current 4.25%.

Per some observers, Powell could lay the groundwork for fresh easing during this Jackson Hole speech.

“The path to rate cuts may be uneven, as we have seen over the last two years, where markets have been eager for rate cuts and sometimes disappointed that the Fed has not delivered them. But we believe the direction of travel for rates is likely to remain lower,” Angelo Kourkafas, a senior global investment strategist at Edward Jones, said in a blog post on Friday.

“With inflation treading water and labour-market strains becoming more pronounced, the balance of risks may soon tip toward action. Chair Powell’s upcoming remarks at Jackson Hole could validate the now-high expectations that, after a seven-month pause, rate cuts will resume in September,” Jones added.

In other words, the decline in volatility across asset classes likely reflects expectations for easy monetary policy and economic stability.

Markets too complacent?

However, contrarians may view it as a sign that markets are too complacent, as President Donald Trump’s trade tariffs threaten to weigh on economic growth, and the latest data points to sticky inflation.

Just take a look at the price levels for most assets, including BTC and gold: They are all at record highs.

Prosper Trading Academy’s Scott Bauer argued last week during an interview with Schwab Network that volatility is too low following the recent round of economic data, with more uncertainty on the horizon.

The argument for market complacency gains credence when viewed against the backdrop of bond markets, where corporate bond spreads hit their lowest since 2007. That prompted analysts at Goldman Sachs to warn clients against complacency and take hedges.

“There are enough sources of downside risks to warrant keeping some hedges on in portfolios,” Goldman strategists led by Lotfi Karoui wrote in a note dated July 31, according to Bloomberg.

“Growth could surprise further to the downside,” dis-inflationary pressures could fade or renewed concerns over Fed independence may fuel a sharp selloff in long-dated yields.

In any case, volatility is mean-reverting, meaning periods of low volatility typically set the stage for a return to more turbulent conditions.



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Ethereum
GameFi Guides

Ethereum Builds Critical Pattern On Daily Chart, Volatility Ahead

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The Ethereum 1-day chart is shaping an intriguing technical formation that could define its next move. This setup reflects growing uncertainty in the market but also sets the stage for high-impact volatility.

Ethereum Approaches Decision Point: Breakout Or Breakdown?

Ethereum is currently forming a megaphone pattern, a broadening formation characterized by widening price swings and increasing volatility. This structure typically reflects market indecision, as both bulls and bears battle for control, leading to expanding highs and lows.

Sharoon Gill noted on X that the widening price action is a key signal that volatility is building, and a significant move could be on the horizon. Sharoon Gill points to two crucial levels to watch closely: a breakout above $2,400 would confirm bullish momentum and pave the way for further gains, while a drop below $2,240 may indicate a bearish breakdown and trigger a downward move.

Source: Sharoon Gill on X

Evrenos Albarson shared a sharp take on Ethereum’s positioning, pointing out that the 4-hour chart looks decent, and for ETH to maintain any bullish momentum, it must reclaim the $2,550 level, a threshold that would signal strength and consolidation to the upside.

However, if ETH fails to push above $2,550, the market could face a sudden drop to $1,800 as Evrenos Albarson targets a support zone from the consolidation phases.

According to Bit Amberly, Ethereum is showing early signs of a rebound as it bounces off the lower boundary of a broadening wedge. This pattern, often associated with potential reversals, suggests that ETH may be gearing up for a bullish push and provide key support holds.

If ETH holds above the $2,400 area, it will open the door for a climb toward $2,500, with further upside targets at $2,680 and $2,850 levels, which align with previous reaction zones and technical extensions.

Ethereum Clears Channel, But Can It Sustain Above Resistance?

Ethereum has broken out of a descending channel on the 2-hour chart, a move that signals a shift in short-term bullish momentum. This breakout marks the end of the recent downtrend. 

Currently, Crypto Avi mentioned that ETH is trying to break through the major resistance zone at $2,446 on the chart. If ETH manages to break above the resistance zone, the next upside target will be $2,700, a level that aligns with short-term technical projections.

Whales_Crypto_Trading reported that Ethereum has successfully breached the ascending channel formation on the 8-hour chart, showing an acceleration in bullish momentum, pushing ETH beyond a technical boundary that had contained price action.

If the momentum continues to build, Whales_Crypto_Trading suggests that ETH could surge toward the next target at $3,050, a level that represents an important resistance zone.

ETH trading at $2,442 on the daily chart | source: ETHUSDT on Tradingview.com

Featured image from iStock images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Price Today (June 16): Bitcoin, Ethereum Break Resistance Ahead Of Monday Volatility; Xrp Eyes $3
Crypto Trends

Bitcoin, Ethereum Break Resistance Ahead of Monday Volatility; XRP Eyes $3

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The cryptocurrency market is expected to kick off the week with a bullish surge, as Bitcoin (BTC) and Ethereum (ETH) shattered key resistance levels, signaling potential volatility ahead of Monday’s trading session. Meanwhile, XRP is stealing the spotlight, with analysts predicting a climb toward $3 as the crypto community awaits the decision on the long-running Ripple-SEC lawsuit today.

Bitcoin and Ethereum Smash Resistance Levels

As per CoinMarketCap data, Bitcoin surged past $107K earlier today, breaking the critical resistance in the $106K range. The flagship crypto has been stabilizing after a volatile week, with market sentiment highly influenced by recent geopolitical tension and anticipation around the upcoming FOMC meeting. 

At the time of writing, Bitcoin is trading near $106,727—increased with decent gains of 1.35% in the past 24 hours. 

Source: CoinMarketCap

Ethereum (ETH) followed suit, with it surging past $2,600 and marking a daily high of $2,630—as per CoinMarketCap data. The current rally in ETH price reflects increasing optimism about Ethereum’s role in decentralized finance (DeFi) and tokenized assets, with the recent stablecoin trend further supporting its price momentum. 

Analysts attribute the current market strength to renewed institutional interest and macroeconomic factors, including anticipated U.S. Federal Reserve decisions on interest rates.

XRP Poised for Breakout as Ripple-SEC Deadline Looms

XRP, trading at approximately $2.26, is at a critical juncture as the crypto market braces for a potential resolution in the Ripple-SEC legal saga. Today marks a procedural milestone, with a status report due in the U.S. court, which could determine whether Ripple and the SEC finalize a settlement. 

A finalized agreement could classify XRP as a non-security, paving the way for spot XRP exchange-traded funds (ETFs) and boosting investor confidence. This optimism is likely to send the XRP price soaring, potentially breaking above $3, if the broader market sentiment favors it. 

Trending Crypto Today

  • BTC (Bitcoin)
  • ETH (Ethereum)
  • SOL (Solana)
  • XRP (XRP)
  • ALT (Altlayer)

Top Gainers and Losers Today

Gainers LosersAB (AB): +13%FORM (Four): -4%SPX (SPX6900): +11%GT (GateToken): -3%HYPE (Hyperliquid): +10%PI (Pi Coin): -2%

Crypto Market Cap Overview 

As per CoinMarketCap data, the global crypto market capitalization currently sits at $3.33 trillion in valuation, increased 1.54% today. The 24-hour trading volume for crypto markets has surged 30% to $103 billion. 

Also read: Amazon Pours $13.4B to Boost AI, Cloud Infrastructure in Australia



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Ethereum braces for volatility as Kraken open interest hits 30k ETH
NFT Gaming

Ethereum braces for volatility as Kraken open interest hits 30k ETH

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Open interest in Ethereum has reached an all-time high on Kraken, suggesting coming volatility in either direction.

Ethereum (ETH) could soon experience heightened price swings, according to new data from Kraken. Alexia Theodorou, Head of Derivatives at Kraken, said in a June 10 obtained by crypto.news that open interest on Ethereum contracts hit an all-time high, a sign that speculative activity is ramping up.

“Open interest in ETH perpetuals on Kraken reached an all-time high of 30,000 ETH earlier this week, signaling a notable uptick in speculative activity around the second-largest cryptocurrency by market cap,” Alexia Theodorou, Kraken.

The likely catalyst for the rise in derivatives activity is growing institutional inflows into spot Ethereum exchange-traded funds, Theodorou explained. However, it remains unclear which direction these flows may drive Ethereum in the near term. Rather than indicating conviction, the current positioning appears to reflect anticipation of volatility.

“While funding rates remain mildly bullish, the market has yet to form a clear directional consensus, with the long/short ratio still well below its January peak,” Alexia Theodorou, Kraken.

Still, pro-innovation developments in the U.S. regulatory landscape could act as a potential tailwind for Ethereum in the months ahead, she added.

Ethereum reaches major staking milestone

On June 10, staked Ethereum reached an all-time high of 34.65 million ETH, representing 28.7% of all circulating supply. According to analysts from B2BINPAY, spot ETF inflows were likely behind this milestone as well.

Ethereum ETFs saw consecutive 15 days of positive inflows, which totaled $837 million. These could be indicative of a broader institutional interest in Ethereum, as well as other established altcoins, B2BINPAY suggests.



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NFT Gaming

Why Bitcoin Implied Volatility Has Collapsed Amid Trump Trade Talks

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In brief

  • Bitcoin’s implied volatility has dropped to 1-year lows as U.S.-China trade negotiations resume at Lancaster House in London.
  • Bitcoin remains above $100,000 (currently ~$108,000) but stays range-bound despite growing appeal as a neutral reserve asset amid geopolitical tensions.
  • While some view Bitcoin as a hedge against currency weaponization, others cite volatility and regulatory concerns as barriers to true reserve asset status.

Bitcoin’s implied volatility has collapsed to its lowest level in a year as tension between the U.S. and China appear to settle after a new round of negotiations began on Monday at Lancaster House in London.

The trade talks are projected to run up to at least two days, with the prospect of resuming progress from negotiations in Geneva last month which began to ease tension between the two nations. Bitcoin, meanwhile, has stayed above the $100,000 range, going up 4.5% over the month, with its price hovering around $108,000 level at press time.

These trade and economic tensions have “have produced knee-jerk reactions,” though they have also “been insufficient to trigger a directional breakout,” on Bitcoin and the broader crypto market, according to a Monday market note from QCP Capital.

Bitcoin volatility goes low

As the trade talks resume, Bitcoin’s implied volatility, a measure that estimates how much of its price might move in the future based on options prices, has dwelled at “1-year lows” and “appear optically cheap,” while realized volatility remains much lower, wrote QCP in its note.

The timing isn’t coincidental.

As Washington and Beijing clash over trade policy, Bitcoin appeal as a neutral reserve asset has grown. But that has still left the BTC price range-bound as different investor groups position for opposing scenarios.

“Bitcoin has proven its value as a decentralized, stateless asset. One that sits outside the control of any single government or bloc,” Jakob Kronbichler, CEO & co-founder of decentralized marketplace Clearpool, told Decrypt. “That neutrality is what gives it long-term appeal, especially for countries or institutions navigating between the U.S. and China.”

As a “neutral reserve asset for countries navigating U.S.-China tensions,” Bitcoin’s decentralized design offers “a hedge against currency weaponization and geopolitical volatility,” Dominick John, an analyst at crypto market maker and quantitative trading firm Kronos Research, told Decrypt.



But while these qualities appeal to countries “caught in the crossfire,” Bitcoin’s broader volatility, limited liquidity, and regulatory vulnerability “restrict its utility as a true reserve asset,” James Bowater, founder of hybrid venture firm The Digital Commonwealth, told Decrypt.

Still, last week’s jobs report had muted effect on Bitcoin’s price, with the alpha crypto trading flat after the release of the Bureau of Labor Statistics’ May nonfarm payrolls report.

To this, Bitcoin “remained conspicuously unmoved, caught in the cross-currents without a clear macro anchor,” QCP Capital observed in its note. “Without a compelling narrative to spark the next leg higher, signs of fatigue are emerging.”

On the other hand, the Bitcoin options market has leaned toward call options over puts on the day, with open interest at roughly 62% and volume at 62%, data from CoinGlass shows.

Edited by Stacy Elliott.

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Solana
GameFi Guides

Solana Price Gears Up For Breakout After Volatility Squeeze

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Solana (SOL) is showing signs of a potential breakout on the 15-minute chart, as price action contracts into a tighter range. This volatility squeeze precedes a significant move, with market participants awaiting confirmation of direction. The consolidation phase has formed a recognizable breakout structure, with highs and lows converging, suggesting that pressure is building beneath the surface.

Breakout Structure Taking Shape On Lower Timeframe

According to Andrew Davis’s post on X, Solana experienced a sharp sell-off that briefly pushed the price below $142. However, the cryptocurrency quickly bounced back, demonstrating strong buying interest and resilience. 

SOL has climbed back above the $150 mark, showing signs of building strength and momentum. This recovery suggests that the market is absorbing selling pressure. If this upward momentum continues, SOL could be poised for further gains. 

Crypto analyst Gemxbt noted that Solana exhibits a descending triangle pattern on the 1-hour chart, which is typically regarded as a bearish continuation signal. A descending triangle pattern has formed as the price creates lower highs while holding a relatively flat support zone at $145, a key level that has been defended multiple times.

SOL’s upside trend rebuilding | Source: Andrew Davis on X

Despite the generally bearish structure, the chart has shown a bounce off this support, suggesting a temporary reversal. On the upside, resistance near $155 remains a crucial hurdle. 

For SOL to confirm a sustained reversal, it would need a breakout above this level, potentially signaling a shift in market sentiment. Further supporting the idea of a potential reversal, technical indicators are reflecting oversold conditions, which hint that the selling pressure may be exhausted, increasing the likelihood of a short-term recovery.

Giottus Crypto Exchange also shared insights on Solana price structure, identifying a bullish Shark harmonic pattern emerging on the 4-hour chart. He analyzes that Point D of the Shark pattern has aligned with the 1.618 BC Fibonacci extension, landing at the $147 level. 

This area is considered a potential reversal zone. The presence of this harmonic pattern at a critical extension, combined with price action, indicates that a bullish reversal could be underway. If the pattern holds, upside targets are projected in the $180 to $190 range.

Solana Tests Wedge Resistance As Bulls Eye Breakout

SOL’s anticipated upward move seems highly likely. Whales_Crypto_Trading also outlines that Solana is showing signs of a breakout as it approaches the upper boundary of a broadening wedge formation on the 4-hour chart. A pattern characterized by diverging trendlines often indicates increasing volatility and uncertainty, but also tends to precede explosive price action once a breakout occurs.

SOL is consolidating beneath the wedge’s resistance, with price action tightening and volume beginning to show signs of building, which could trigger a wave of bullish momentum toward targets at $215, $228, $243, and $265.

SOL trading at $151 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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CoinDesk Bot
Crypto Trends

UNI Recovers as Volatility Spikes on Trade War Fears

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The cryptocurrency market faces mounting pressure as global economic tensions escalate, with Uniswap (UNI) experiencing dramatic price swings reflecting broader market uncertainty.

UNI’s recent 10.9% price range demonstrates how geopolitical factors are directly influencing digital asset valuations, as traders navigate between risk-off sentiment and opportunistic positioning.

Despite challenging conditions, Uniswap has shown resilience by breaking above key resistance levels, suggesting potential stabilization after significant volatility.

Technical Analysis Highlights

  • UNI experienced significant price turbulence over the 24-hour period, with a substantial range of 0.644 (10.9%) from the high of 6.589 to the low of 5.945, according to CoinDesk Research’s technical analysis data model.
  • The token faced a sharp selloff during the 16:00-01:00 period, plummeting from 6.510 to 5.954, with notably high volume (4.4M) at the 01:00 low, establishing a strong volume support zone.
  • A modest recovery followed, with UNI finding resistance around 6.120 and consolidating between 6.000-6.050, suggesting market indecision after the significant correction.
  • In the last hour, UNI experienced a significant downward trend followed by a modest recovery.
  • The token declined from 6.110 to a low of 6.017 around 13:51, establishing a key support zone with increased volume.
  • A notable reversal occurred at 14:01 when UNI surged 3.6% from 6.032 to 6.054, accompanied by elevated volume (28.7K), suggesting renewed buying interest.
  • The price action formed a bullish channel with resistance at 6.055 and support at 6.030, with the closing price of 6.051 indicating potential short-term stabilization after the earlier volatility.

External References



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CoinDesk Bot
Crypto Trends

Uniswap Upgrade Hype Fails to Halt UNI Slide as Traders Brace for More Volatility

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In the past 24 hours, Uniswap’s native token UNI experienced a marked decline due to volatile market conditions. The price movement from $7.119 to $6.532 indicates substantial downward pressure, amplified by macroeconomic factors like overall market bearish trends and investor sentiment.

At the same time, microeconomic elements, including Uniswap’s latest protocol advancements and strategic interest from crypto whales, provide counterbalancing support points, potentially staving off further price declines. Despite the dip, long-term confidence might build as Uniswap gains traction with its latest innovations, suggesting strategic investor consideration.

Technical Analysis Highlights

  • UNI price plummeted from $7.119 to $6.532 in 24 hours.
  • Intermediate support was found at $6.40, buoyed by significant trading volumes, according to CoinDesk Research’s technical analysis data model.
  • The price attempted recovery reaching a high of $6.595 but stabilized at $6.522 by 08:00.
  • Consistent lower highs noted throughout the session, suggesting continued bearish sentiment.

External References

  • “UNI eyes $10 as UniswapX launch triggers inverse H&S breakout”, crypto.news, published May 29, 2025.
  • “Uniswap Price Prediction: Is UNI Set for a Bullish Breakout?”, CoinPedia, published May 29, 2025.
  • “UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout”, Coin Edition, published May 29, 2025.
  • “What’s Next for This Popular DeFi Token? Will Uniswap (UNI) March Above $10 in the Coming Month?”, CoinPedia, published May 29, 2025.



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Volatility Shares launches first XRP futures ETF on Nasdaq
NFT Gaming

Volatility Shares launches first XRP futures ETF on Nasdaq

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Volatility Shares has launched the first-ever XRP futures ETF on Nasdaq today, offering investors indirect exposure to XRP through regulated derivatives for the first time.

According to a SEC filing dated May 21, Volatility Shares, a U.S. firm specializing in innovative ETFs —including leveraged and futures-based products tied to crypto, is launching the first-ever Ripple (XRP) futures exchange-traded fund today, May 22. The new product, listed on Nasdaq under the ticker $XRPI, is the first ETF of its kind to offer indirect exposure to XRP through futures contracts.

The ETF, part of the Volatility Shares Trust, will invest at least 80% of its net assets in XRP-linked instruments, including futures contracts traded on the Chicago Mercantile Exchange, via a subsidiary based in the Cayman Islands. In addition to the standard product, Volatility Shares also plans to introduce a leveraged 2x XRP futures ETF, aimed at delivering twice the daily performance of XRP futures.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, called the 1x XRP futures fund a “market first” in a post on X, noting that its debut follows the successful launch of a 2x XRP futures ETF by Teucrium in April. That leveraged fund has already amassed $120 million in assets under management and sees daily trading volumes around $35 million, an encouraging signal for demand.

The rollout of these XRP-related financial products comes amid broader speculation that the SEC could approve spot XRP ETFs by the end of this year. Several firms, including Franklin Templeton, 21Shares, and Bitwise, are vying to launch spot-based XRP funds, which would hold XRP directly rather than rely on derivatives.

According to Polymarket, traders are placing the probability of a spot XRP ETF being approved in 2025 at 83%. Nate Geraci, president of The ETF Store, echoed that sentiment, stating, “I simply don’t see this SEC not approving a spot XRP ETF.

2x leveraged XRP ETF is *currently* live & trading…

I simply don’t see this SEC not approving spot XRP ETF.

And sooner, rather than later.

— Nate Geraci (@NateGeraci) April 16, 2025





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