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The XRP price jumped 7% while the Teucrium Avisors asset manager said that he would launch the very first ETF XRP (Stock Exchange) in the United States today.
The ETF XRP daily Téucrium 2x long, which will start to be negotiated under the XXRP Ticker on the Arca Exchange nyse, aims not only to offer investors another way to expose themselves to Altcoin, but also to give investors twice the daily return of Xrp.
“If you have a short -term vision of conviction on XRP prices, you can consider exploring the daily ETF XRP Téucrium 2x,” said the active director.
The fund will include management fees of 1.85% and an annual expenditure ratio, according to the alternative investment manager website. Distributions will be paid monthly and the fund currently has more than $ 2 million in total net assets.
Analyst calls for leverage offering “SDD”
Bloomberg ETF analyst Eric Balchunas commented on the teudium XRP ETF In a post of April 7 X, saying that it is “very strange” that the first ETF of a new asset is exploited.
An ETF 2X XRP launches TMRW in the United States, the very first ETF XRP on the market. Very strange (perhaps a first) that the first ETF of a new asset is exploited. Spot XRP is still not approved, although our chances are quite high. History via@isabelletanlee pic.twitter.com/eg4wq5y1qi
– Eric Balchunas (@ericbalchunas) April 7, 2025
There is currently no XRP ETF spot on the American market. But Balchunas believes that there is a high probability that a spot fund following the fourth largest crypto by market capitalization will soon launch.
This occurs after several ETF XRP deposits have been recognized by the American Securities and Exchange commission (SEC) earlier this year.
Ripple Labs, the company behind XRP, also agreed to settle with the dry last month. This ended a legal battle of several years with the regulator, a development which, analysts, including Balchunas, paved the way for the approval of an XRP ETF.
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