Volatility Shares has submitted an application to the SEC (SEC) to launch a 5x leveraged ETF covering crypto assets like XRP as well as stocks such as COIN, CRBL, GOOGL, and MSTR. These products reset their leverage daily, magnifying gains and losses, with a 2% fluctuation in XRP's price translating to a 10% fluctuation in the ETF. Analyst Eric Balchunas has noted this aggressive move and emphasized that even 3x leveraged ETFs have yet to be approved.

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