Volatility Shares Files for 5x Leveraged Bitcoin, Ether, and XRP ETFs
Volatility Shares, one of the most aggressive ETF issuers in crypto, has filed with the U.S. Securities and Exchange Commission (SEC) to launch 5x leveraged ETFs tracking Bitcoin (BTC), Ether (ETH), and XRP. If approved, these products would rank among the most extreme crypto-linked investment options available to U.S. investors.
The ETFs aim to magnify daily price moves by five times. A 2% swing in the underlying asset could translate into a 10% change in the ETF, highlighting the potential for rapid gains—or steep losses.
The filing also covers 5x ETFs for Solana (SOL) and high-volatility equities, including Coinbase (COIN), MicroStrategy (MSTR), Tesla (TSLA), and Alphabet (GOOGL). In total, 27 products across 3x and 5x leverage tiers are proposed, with an effective date of December 29, 2025.
Leveraged ETFs that reset daily carry unique risks. Compounding and volatility decay can cause the fund to underperform even if the underlying asset rises. Thin or volatile markets like XRP can further exaggerate swings and unintended losses.
The filing comes as crypto markets recover from last week’s $19 billion in futures liquidations, the largest single-week wipeout in industry history.
