{
 "ticker": "XRPT",
 "name": "Volatility Shares Trust XRP 2X ETF",
 "issuer": "Volatility Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/xrpt",
 "html": "https://etfiq.com/funds/xrpt",
 "markdown": "https://etfiq.com/funds/xrpt.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: XRPT returned +67.6% where its own daily promise gave +73.4%, 5.8 points short.",
 "key_facts": [
  {
   "key": "what_xrpr_did",
   "label": "What XRPR did",
   "value": "+39.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XRPT, what XRPR did: +39.7%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+73.4%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XRPT, what 2 times a day gives: +73.4%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+67.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XRPT, what the fund returned: +67.6%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22125.8 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XRPT, the fund itself cost: \u22125.8 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$76m",
   "source": "issuer page, as of Sep 15, 2026",
   "as_of": "2026-09-30",
   "sentence": "XRPT, net assets: $76m (issuer page, as of Sep 15, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XRPT, expense ratio: not read by ETFIQ, as of Sep 30, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of XRPR, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.7 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XRPR",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "asset class, crypto",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$76m",
   "source": "issuer page, as of Sep 15, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 22, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "70% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+6.7%",
   "XRPR": "+7.4%",
   "+2x the move": "+14.9%",
   "Difference": "\u22128.2 pts",
   "XRPR moved about": "82%"
  },
  {
   "window": "3 months",
   "Fund": "+67.6%",
   "XRPR": "+39.7%",
   "+2x the move": "+79.3%",
   "Difference": "\u221211.7 pts",
   "XRPR moved about": "70%"
  },
  {
   "window": "6 months",
   "Fund": "\u22127.5%",
   "XRPR": "+9.6%",
   "+2x the move": "+19.1%",
   "Difference": "\u221226.6 pts",
   "XRPR moved about": "63%"
  },
  {
   "window": "1 year",
   "Fund": "\u221287.7%",
   "XRPR": "\u221248.6%",
   "+2x the move": "\u221297.2%",
   "Difference": "+9.5 pts",
   "XRPR moved about": "76%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221289.9%",
   "XRPR": "\u221252.8%",
   "+2x the move": "\u2212105.6%",
   "Difference": "+15.6 pts",
   "XRPR moved about": "76%"
  }
 ],
 "questions": [
  {
   "q": "Did XRPT return +2 times XRPR?",
   "a": "Over the window to Sep 30, 2026, XRPR moved +39.7% and XRPT returned +67.6%. 2 times that move is +79.3%, so the fund came out 11.7 points short of it."
  },
  {
   "q": "Why does XRPT not return +2 times over a year?",
   "a": "Because it resets daily. XRPT aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which +2x XRPR ETF tracked its stated multiple most closely?",
   "a": "3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}