New 2x ETFs Strengthen Market Access
XRP and Solana advanced today as traders reacted to the launch of two new leveraged ETFs offering amplified exposure to both tokens. The rollout signals growing interest in crypto-linked exchange-traded products as investor demand shifts toward vehicles that provide simple access to digital-asset momentum.
Besides attracting speculative traders, the products reveal how traditional markets are rapidly integrating leveraged crypto strategies. Consequently, analysts noted fresh capital rotating into XRP and Solana investment products as both assets continued to post notable inflows across the sector.
According to the press release, T-REX introduced the T-REX 2X Long SOL Daily Target ETF (SOLX) and the T-REX 2X Long XRP Daily Target ETF (XRPK). Both funds offer 200% daily exposure through derivatives rather than spot holdings.
Greg King said the company wants investors to capture short-term swings through familiar brokerage platforms. Moreover, Matt Tuttle stated, “These ETFs demonstrate the continued pace of innovation at T-REX.” He added that the firm now gives traders more ways to act on their market conviction.
Moreover, the launch widens a suite of more than 35 T-REX single-stock leveraged and inverse ETFs. The category continues to expand as traders look for ways to amplify directional views without direct asset custody. Hence, the arrival of SOLX and XRPK comes during a period of rising interest in crypto-focused ETFs across global markets.
XRP and Solana Inflows Strengthen as Prices React
Investment products tied to XRP and Solana recorded strong inflows last week. According to CoinShares data, $289 million moved into XRP products and $4.4 million into Solana vehicles. Year-to-date totals reached $3.4 billion for Solana and $2.9 billion for XRP.
Additionally, demand surged after recent spot ETF launches. Canary Capital’s spot XRP ETF generated $58 million in first-day trading volume and outperformed several earlier crypto ETF debuts.
As of press time, XRP traded around $2.16 after rising more than 7% over the past day. However, it remains slightly lower over the week. Market data showed a 24-hour volume above $4.5 billion and a market cap near $130 billion.
CryptoBull, an analyst, noted that XRP has held its 2018 bull-market monthly highest close for 12 straight months. Hence, analysts do not view the current structure as a cycle peak. They expect a real top to appear with a wide monthly candle and heavy volume. Additionally, the asset continues to defend the $1.80 to $2.00 zone, which signals long-term strength.
Conclusion
The introduction of leveraged ETFs on XRP and Solana arrives at a moment of rising investor activity and renewed confidence. Moreover, XRP continues to maintain a critical support area, suggesting the broader trend remains intact as traders prepare for the next major monthly expansion.
Source: https://coinpaper.com/12818/xrp-and-solana-jump-as-2x-leveraged-et-fs-hit-the-market
