5x Leveraged Bitcoin, Ether, and XRP ETFs Filed by Volatility Shares

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 extreme crypto-linked instruments available to U.S. investors.

The proposed ETFs aim to amplify daily price moves fivefold. A 2% swing in the underlying asset could translate into a 10% change in the ETF, meaning potential gains—and losses—are magnified.

The filing also includes 5x ETFs for Solana (SOL) and several high-volatility equities, including Coinbase (COIN), MicroStrategy (MSTR), Tesla (TSLA), and Alphabet (GOOGL). In total, 27 products are proposed across 3x and 5x leverage tiers, with an effective date of December 29, 2025.

Daily rebalancing inherent in leveraged ETFs can create compounding effects and volatility decay, meaning the fund could underperform even if the underlying asset rises. Thin or highly volatile markets like XRP can further exaggerate swings and unintended losses.

The filing arrives as crypto markets recover from last week’s $19 billion in futures liquidations—the largest such event in industry history.