According to CoinMeta, the registration validity period for the 2x short-term daily XRP ETF product has been extended to October 11, 2026, although this does not mean that trading for this product will begin on that date. This product is designed to provide investors with a twice the daily performance exposure in the opposite direction of XRP. If XRP falls by 3% on a given day, the fund is intended to rise by about 6% on that same day.