Volatility Shares Files for 5x Leveraged Bitcoin, Ether, and XRP ETFs
Volatility Shares, a high-risk ETF issuer in the crypto space, 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 would be among the most aggressive crypto-linked instruments available to U.S. investors.
The ETFs are designed to magnify daily price movements by five times. A 2% swing in the underlying asset could translate into a 10% change in the ETF, meaning both gains and losses can be quickly amplified.
The filing also includes 5x ETFs for Solana (SOL) and high-volatility equities such as 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.
Daily rebalancing can cause compounding effects and volatility decay, meaning the ETF could underperform even if the underlying asset rises. Thin or highly volatile markets like XRP can further amplify price 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 the industry’s history.
