Teucrium Investment Advisors launches first XRP ETF for the U.S. market

Teucrium Investment Advisors launches its first XRP exchange-traded fund (ETF) in the U.S. market. The XRP-based ETF will be traded on the New York Stock Exchange Arca.

This 2x leverage daily XRP ETF has both risks and benefits magnified. Investors need to carefully evaluate the potential returns of high-risk investments. The ETF stock code is XXRP and includes additional fees.

XRP ETF time of market and related information

According to the official website of Teucrium, the management fee of the ETF is 1.85%. The ETF was officially listed on April 8 and currently has assets under management exceeding US$2 million. Other asset management companies also commented on the offering. An analyst pointed out that if investors are optimistic about the short-term price increase of XRP, they can consider investing in this 2x leveraged ETF.

Teucrium CEO Sal Gilbertie said in an interview that the company has noticed strong interest in investors' XRP ETFs and hinted that more XRP ETF products may be launched in the future. He also believes that is wise to issue ETFs at low prices.

The timing and market reaction of XRP ETFs

The 2x leverage XRP ETF is the first of its kind in the United States, and its launch has attracted market attention, especially when the spot XRP ETF is still not approved. Eric Balchunas, a well-known ETF analyst, commented on the extraordinary nature of the incident and believed that it was a sign that the possibility of an XRP ETF being approved was increasing. Several companies, such as 21shares, Bitwise, Canary Capital, Franklin Templeton and Grayscale, have filed applications for the XRP ETF with the Securities and Exchange Commission (SEC).

Market expectations and future prospects

The market generally expects that the XRP ETF will be approved in 2025, with the forecast probability on the Polymarket platform as high as 75%. This is mainly due to the relatively friendly attitude of the new SEC chairman towards cryptocurrencies. However, if the SEC's lawsuit against Ripple persists, the approval of the XRP ETF will face challenges.

The cryptocurrency market has rebounded recently from the plunge on April 7, and XRP prices have also rebounded, with a daily increase of 6.89% as of press time. Despite this, its price fell 12.70% from 7 days ago. The listing of XRP ETFs is considered to be one of the factors driving price increases. The approval of more ETFs in the future will further enhance the liquidity and capital scale of XRP market, thereby affecting its price trend.

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