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How does U.S. Bank's Tidal Trust II custody agreement cover Defiance's XRP-linked ETFs?

Confirmed Published Updated 1 min read

All updates in this story →

Update, September 21, 2026: Why did U.S. Bank update its fund accounting agreement with Tidal Trust II to list XRP ETFs? →

Update, September 16, 2026: Which Defiance XRP ETFs does the Tidal Trust II advisory agreement now list on Schedule A? →

All updates for this question →

A fifth amendment to the Tidal Trust II custody agreement with U.S. Bank adds new funds and updates Exhibit A, which includes XRP-linked ETFs such as the Defiance Leveraged Long + Income XRP ETF and Defiance XRP LightningSpread Income ETF among the covered series.

The full answer

What did U.S. Securities and Exchange Commission state?

On September 21, 2026, U.S. Securities and Exchange Commission stated the following. A fifth amendment to the Tidal Trust II custody agreement with U.S. Bank adds new funds and updates Exhibit A, which includes XRP-linked ETFs such as the Defiance Leveraged Long + Income XRP ETF and Defiance XRP LightningSpread Income ETF among the covered series. [1]

The source’s own words, in the original language: “Defiance Leveraged Long + Income XRP ETF” [1]

Where does this fit on the site?

For the wider picture, see How do in-kind creations and Anchorage Digital custody change the Grayscale XRP Trust ETF? and Which XRP ETFs did U.S. Bancorp Fund Services add for Tidal Trust II?. Two related questions are Can regulated institutions safely custody XRP? and Why did Ripple sign a business combination agreement with Armada Acquisition Corp. II and Evernorth?

What we know

  • A fifth amendment to the Tidal Trust II custody agreement with U.S. Bank adds new funds and updates Exhibit A, which includes XRP-linked ETFs such as the Defiance Leveraged Long + Income XRP ETF and Defiance XRP LightningSpread Income ETF among the covered series (U.S. Securities and Exchange Commission, September 21, 2026).

In plain English

A fifth amendment to the Tidal Trust II custody agreement with U.S. Bank adds new funds and updates Exhibit A, which includes XRP-linked ETFs such as the Defiance Leveraged Long + Income XRP ETF and Defiance XRP LightningSpread Income ETF among the covered series.

Sources

  1. SEC EDGAR — U.S. Securities and Exchange Commission, 2026-09-21 Primary

Related breadcrumbs

Before thisHow do in-kind creations and Anchorage Digital custody change the Grayscale XRP Trust ETF? Next on this TrailWhich XRP ETFs did U.S. Bancorp Fund Services add for Tidal Trust II? Go deeperCan regulated institutions safely custody XRP? The other sideWhy did Ripple sign a business combination agreement with Armada Acquisition Corp. II and Evernorth?

Update log

  • — Published.

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