Tidal Trust II applies for leveraged XRP and Solana ETF, with a maximum 2x exposure igniting market follow.

The American asset management company Tidal Trust II has submitted an application to the United States Securities and Exchange Commission (SEC) to launch two new leveraged exchange-traded funds (ETFs), providing 150% to 200% long positions exposure for XRP and Solana (SOL) respectively. This move comes amid rising optimism in the market regarding the approval of altcoin ETFs and could become an important milestone in the diversification of encryption investment products.

Product Design: Leverage Exposure + Derivative Strategies

According to the N-1A form submitted on August 19, these two ETFs will:

1. Provide daily digital asset leveraged long positions (150%–200%)

2. Use options-based strategies (such as credit call spread) to enhance returns and reduce some leverage risks.

3. The investment targets are derivative products, including swap agreements and options linked to the XRP and SOL ETFs listed in the United States.

4. Configurable futures and other exchange-traded products that are cash-settled and track related asset prices.

This means that investors can gain amplified exposure to the prices of XRP and SOL without needing to engage in margin trading, while combining a long-term capital appreciation and current income investment strategy.

Timing of Application and Market Background

This application comes at a time when market expectations for the approval of encryption ETFs, aside from Bitcoin and Ethereum, are heating up.

Bloomberg analyst James Seyffart expects that the SEC may approve some altcoin ETF applications before October.

With regulation becoming increasingly clear, more traditional capital is being attracted to structured investment opportunities in mainstream alts like XRP and Solana.

Investor demand has shown signs

Recent market data shows that investor interest in related products is rapidly increasing:

Teucrium 2x Long Daily XRP ETF (XXRP): Net assets surpass $400 million, setting a record as the first XRP ETF in the United States.

REX Shares Solana Staking ETF (SSK): In less than two months since its launch, it has attracted over $160 million in net inflows.

These data indicate that leveraged and yield-enhanced encryption ETFs have become a new option for investors to allocate digital assets.

Potential Impact and Outlook

If Tidal Trust II's leveraged XRP and Solana ETF are approved, it may have the following impacts:

Expand altcoin investment channels: Attract more traditional investors to participate in the XRP and SOL markets.

Enhancing market liquidity: The trading activity of leveraged products is high, which may drive the trading volume of the spot and derivatives markets.

Accelerating the diversification of ETF products: Laying the foundation for more encryption asset ETFs in the future.

Conclusion

The application for Tidal Trust II shows that leveraged altcoin ETFs are accelerating towards the mainstream investment market. With regulatory clarity gradually increasing and investor demand rising, leveraged ETFs for assets such as XRP and Solana may become the core products of the next wave of encryption investment craze. For more updates on ETF approval progress and market analysis, please follow the official Gate platform.