According to Eric Balchunas, Tuttle Capital Management has filed to launch a -2x Inverse VIX ETF, offering twice the inverse exposure to volatility compared to previous products like $XIV (source: Eric Balchunas on Twitter, May 12, 2025). This leveraged ETF is designed to profit from declining volatility but carries significant risk of rapid losses if volatility spikes suddenly. For crypto traders, heightened activity and potential volatility spillover from traditional markets could increase price swings in major cryptocurrencies, making risk management and hedging strategies more critical in the short-term.