Leverage, Losses and a Sudden Influx: Traders Pile into XRP 2X ETF Despite Slumping Token

Leverage, Losses and a Sudden Influx: Traders Pile into XRP 2X ETF Despite Slumping Token

The Volatility Shares Trust XRP 2X ETF, ticker XRPT, drew fresh attention on February 4, 2026, as it recorded $4.84 million in net inflows. The leveraged fund, designed to amplify exposure to the XRP token, now manages $97.33 million in assets under management (AUM), with the latest flow representing roughly 4.98% of its total assets—a sizable one-day swing that suggests renewed speculative appetite.

Such a meaningful intake, relative to the fund’s size, signals that traders may be attempting to time a reversal or capitalize on short-term volatility in XRP, even as the underlying asset has struggled. For a leveraged product like XRPT, these flows can quickly reshape risk profiles, amplifying both potential gains and losses for investors who are betting that downside pressure in XRP may be overdone—or that volatility itself will pay.

The related asset, XRP-USD, is currently trading at $1.4104, having shed about 33.04% over the past three months. Despite Tuesday’s renewed ETF interest, the token’s short-term technical picture remains bearish, with a 1-day signal flashing Sell. The divergence between negative price momentum and aggressive ETF inflows underscores a classic tug-of-war between momentum traders exiting and contrarian investors stepping in.

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