- The first leveraged XRP ETF in the U.S. launches as Teucrium’s XXRP begins trading, offering twice the daily return through swaps and marking a major crypto market shift
- XRP’s market capitalization remains strong at $111 billion, with the ETF’s approval signaling growing institutional interest in cryptocurrency exposure through traditional financial products
- Analysts predict increased liquidity and trading volume as leveraged crypto ETFs gain traction, potentially shaping future market movements and regulatory discussions
Crypto investors in the U.S. are about to gain leveraged exposure to XRP in the traditional financial market sector. According to a recent filing, Teucrium Investment Advisors LLC has secured approval to list the Teucrium 2x Long Daily XRP ETF (XXRP) on NYSE Arca, marking a historic milestone for digital assets.
The fund, which is set to begin trading on April 8, 2025, is designed to provide twice the daily return of XRP through swaps. This makes it the first leveraged XRP ETF available in the United States. The ETF carries an expense ratio of 1.85% and aims to attract investors seeking amplified exposure to the cryptocurrency’s price movements.
Leveraged XRP ETF: How it Works
The approval of ‘XXRP‘ comes amid heightened institutional interest in crypto-based financial products. With XRP holding a market capitalization of $111 billion, it remains a dominant force in the digital asset space.
Instead of directly owning XRP, this ETF uses financial contracts to track and amplify its price movements. That means investors can potentially make bigger gains, but also face higher risks from sudden price swings.
Market Impact and Investor Sentiment
The news of the new leveraged ETF helped XRP regain some of its market value over the last couple of hours. Whereas the asset was trading on a strong decline throughout this Monday, XRP gained renewed energy since the XXRP announcement, up by an incredible 18% from its daily bottom.
Currently, the world’s second-largest altcoin trades at $1.90 per token, up by 1.15% over the last 24 hours.
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