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đ±đ„Huge Move for Ripple in the US: First Fund Launched Today!đșđžđ€Ż
Vermont-based asset management firm Teucrium Investment Advisors LLC is launching the first #xrp -based exchange-traded fund (ETF) in the United States today.
The Teucrium 2x Long Daily $XRP #etf (XXRP) is a leveraged fund based on XRP, the worldâs fourth-largest cryptocurrency by market cap. The fund aims to double the daily price performance of XRP. âIf you have a high short-term belief in XRP prices, you should consider the Teucrium 2x Long Daily XRP ETF,â the company said on its website.
XXRP will begin trading on NYSE Arca as of April 8, with monthly fees and a management fee of 1.85%. Teucriumâs XXRP fund is the only XRP-based fund to be actively and pre-launch listed with the Depository and Clearing Corporation (DTCC).
âA 2x XRP ETF is launching in the US, it will be the first XRP ETF in the market,â said Eric Balchunas, Bloomberg Senior ETF Analyst. He also said, âItâs very strange, maybe the first time that the first ETF for a new asset is leveraged. Spot XRP is still not approved, but our chances are very high.â
Many American companies, such as Grayscale, WisdomTree and Bitwise, have filed applications with the SEC after the positive action taken by crypto regulators during President Donald Trumpâs term. The SEC announced that it was accepting XRP ETF transactions at several points this year, showing the distribution of this review process.
Ripple and SEC deal could ease XRP ETF approval
Ripple Labs, the company that created and supported the development of XRP, ended its years-long legal battle by reaching a settlement with the SEC last month. Ripple accepted a penalty that was reduced from $125 million to $50 million.
âThe SECâs decision to drop the request removes a significant legal hurdle and makes the XRP ETF spin-off more likely,â said Min Jung, a research analyst at Presto Research. âAfter Bitcoin and Ethereum, XRP or Solana are strong candidates,â he said.
However, Jung noted that demand for spot XRP ETFs is uncertain. âEthereum ETFs have seen limited interest and institutions are still saying âthereâs no second option,ââ he added.
#TrumpTariffs #BTCvsMarkets #StopLossStrategies
The Teucrium 2x Long Daily $XRP #etf (XXRP) is a leveraged fund based on XRP, the worldâs fourth-largest cryptocurrency by market cap. The fund aims to double the daily price performance of XRP. âIf you have a high short-term belief in XRP prices, you should consider the Teucrium 2x Long Daily XRP ETF,â the company said on its website.
XXRP will begin trading on NYSE Arca as of April 8, with monthly fees and a management fee of 1.85%. Teucriumâs XXRP fund is the only XRP-based fund to be actively and pre-launch listed with the Depository and Clearing Corporation (DTCC).
âA 2x XRP ETF is launching in the US, it will be the first XRP ETF in the market,â said Eric Balchunas, Bloomberg Senior ETF Analyst. He also said, âItâs very strange, maybe the first time that the first ETF for a new asset is leveraged. Spot XRP is still not approved, but our chances are very high.â
Many American companies, such as Grayscale, WisdomTree and Bitwise, have filed applications with the SEC after the positive action taken by crypto regulators during President Donald Trumpâs term. The SEC announced that it was accepting XRP ETF transactions at several points this year, showing the distribution of this review process.
Ripple and SEC deal could ease XRP ETF approval
Ripple Labs, the company that created and supported the development of XRP, ended its years-long legal battle by reaching a settlement with the SEC last month. Ripple accepted a penalty that was reduced from $125 million to $50 million.
âThe SECâs decision to drop the request removes a significant legal hurdle and makes the XRP ETF spin-off more likely,â said Min Jung, a research analyst at Presto Research. âAfter Bitcoin and Ethereum, XRP or Solana are strong candidates,â he said.
However, Jung noted that demand for spot XRP ETFs is uncertain. âEthereum ETFs have seen limited interest and institutions are still saying âthereâs no second option,ââ he added.
#TrumpTariffs #BTCvsMarkets #StopLossStrategies
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