Volatility shares, a asset manager known for launching innovative stock exchange-traded funds (ETFS), have submitted three new products centered on XRP. These include a spot XRP ETF, a 2x geared XRP ETF and an inverse -1x XRP ETF.

The Spot XRP ETF is designed to track the price of cryptocurrency directly, while the 2x XRP ETF aims to reinforce daily price movements with a factor of two. -1X XRP ETF offers investors a way to bet on XRP’s price, reflecting the opposite of its daily benefit.

This latest step comes when expectations rise to legislative approval of a Spot XRP ETF. Dealers at the Polymarket are currently weighing a 77% chance of a Spot XRP ETF receiving approval this year. However, the perceived odds of approval before July 31 are lower, 35%.

Volatility Shares Submissions See it joining various other asset leaders who want to launch XRP ETFs in the United States, including Grayscale, WisdomTree, Bitwise, 21Shares, CoinShares and Canary Capital.

Last month, the US Securities and Exchange Commission (SEC) started its watch to make a decision on an XRP ETF archiving by recognizing a 19B-4 archiving of the New York Stock Exchange and Grayscale. However, the world’s first SPOT XRP ETF is set to debut soon in Brazil after being approved by the country’s securities regulator.