Breaking: Tidal Trust II Files for Leveraged XRP and Solana ETFs with SEC—Another Bold Move in Crypto

Wall Street’s latest crypto gambit just dropped—leveraged ETFs targeting XRP and Solana are officially in the SEC’s inbox.

Why It Matters

Tidal Trust II isn’t playing small. The filing signals growing institutional appetite for crypto derivatives, even as regulators keep their foot hovering over the brake. Leveraged products amplify gains—and losses—giving traders a turbocharged ride on two of the market’s most volatile assets.

The Bigger Picture

XRP and Solana have been on a tear, and now Wall Street wants a piece of the action—with leverage. It’s a classic finance move: repackage the risk, slap on a fee, and call it innovation. Because nothing says 'mature market' like betting borrowed money on crypto.

One thing’s clear—the crypto ETF race is far from over. And neither is the SEC’s paperwork backlog.

Solana and XRP ETFs draw interest

The timing of the application aligns with increasing Optimism around regulatory approval for crypto ETFs beyond Bitcoin and Ethereum.

Analysts, including Bloomberg’s James Seyffart, anticipate that the SEC may approve some altcoin ETF applications by October.

This growing regulatory clarity has contributed to a surge in market interest for products linked to these altcoins.

Interestingly, investor appetite for these products is already evident in the market.

The Teucrium 2x Long Daily XRP ETF (XXRP) recently exceeded $400 million in net assets, marking a first for a US-traded XRP ETF.

Similarly, the REX Shares Solana Staking ETF (SSK), which launched less than two months ago, has attracted over $160 million in net inflows.

These milestones indicate that investors are increasingly seeking structured exposure to these digital assets.