New SEC Filing Excites XRP Army: Pundit Says Who's Loading Up?

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Crypto enthusiast X Finance Bull drew attention to a new SEC filing that introduces the Defiance Leveraged Long + Income XRP ETF under Tidal Trust II.

The filing, submitted on August 19, 2025, appears in a Form N-1A Post-Effective Amendment No. 405 under the Securities Act of 1933 and Amendment No. 408 under the Investment Company Act of 1940.

The registrant listed is Tidal Trust II, with its principal offices in Milwaukee, Wisconsin, and The Corporation Trust Company in Wilmington, Delaware, acting as agent for service.

The amendment states that the Trust is adding two new series: the Defiance Leveraged Long + Income XRP ETF and the Defiance Leveraged Long + Income SOL ETF.

The filing indicates that the amendment will become effective within 75 days after submission under Rule 485(a)(2). Legal and administrative support is shown from Sullivan & Worcester LLP and Tidal ETF Services LLC.

What the Tweet Highlights

The tweet emphasized that this was not a preliminary idea but a live regulatory filing. It also portrayed the move as a turning point for investors seeking leveraged exposure to XRP through a regulated exchange-traded structure and concluded by directly asking who intends to take advantage of the opportunity.

Implications from the filing

The filing itself confirms the names of the proposed funds. However, it does not provide details about how the leveraged strategy will be implemented, including the level of leverage, rebalancing methodology, or distribution mechanics.

These details would typically be outlined in a prospectus once the amendment becomes effective. The filing format suggests that the new series will be added under an existing trust structure that already houses other ETFs, streamlining the path to potential listing once effective.

By highlighting the inclusion of XRP in this leveraged ETF structure, the filing reflects growing efforts to expand institutional-grade investment vehicles tied to digital assets.

Notably, the proposal includes both XRP and SOL within the same amendment, indicating a broader strategy for Defiance-branded leveraged income products across multiple cryptocurrencies.

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