Tidal Trust II has submitted an application to the US Securities and Exchange Commission to introduce two new exchange -related funds (ETFs) that offer long exposure to XRP and Solana.
The submitmade public on August 19 via form N-1a, outlines plans to offer daily exposure to the digital assets with leverage between 150% and 200%.
The funds are intended to combine aggressive growth potential with strategies designed to generate consistent income.
It is planning to switch on options based on options, such as credit call spreads, to improve the efficiency and at the same time reduce some of the risks associated with lifting tree positions. Investors would benefit from reinforced exposure to XRP and Solana without having to do margin trade.
Instead of keeping XRP or Sol directly, the ETFs would mainly invest in derivatives, including SWAP agreements and options linked to US-raised XRP and SOL ETFs.
The funds can also assign capital to Futures in cash and other products traded with exchange that follow the price movements of these digital assets. The structure is intended to offer both long -term valuation of capital and the current income, which appeals to a broad spectrum of traditional investors.
Solana and XRP ETFs draw interested
The timing of the application is in line with increasing optimism about the approval of regulations for crypto ETFs outside of Bitcoin and Ethereum.
Analysts, including James Seyffart from Bloomberg, expect that the SEC in October can approve some Altcoin ETF requests.
This growing clarity of the regulations has contributed to an increase in market interests for products related to these altcoins.
Interesting is that investors are already hungry for these products in the market.
The Teucium 2x Long daily XRP ETF (XXRP) recently surpassed $ 400 million in net assets, which marks a scoop for a US Traded XRP ETF.
Similarly, the Rex shares Solana STACK ETF (SSK), which was launched less than two months ago, has attracted more than $ 160 million in net entry.
These milestones indicate that investors are increasingly looking for structured exposure to this digital assets.
