Today, the first XRP ETF is launched in the United States

It is a leveraged investment fund in the futures market, based on Ripple's cryptocurrency.

- Eric Balchunas finds it "strange" that a leveraged ETF is launched before a spot one.

- The fund is named "Teucrium 2x Long Daily XRP ETF".

The announcement does not go unnoticed among analysts. Eric Balchunas, an ETF specialist at Bloomberg Intelligence, points out that it is "very strange" that the first ETF linked to XRP is leveraged instead of one based on the spot price.

"Perhaps this is a novelty," he adds, highlighting that the spot XRP ETF, still pending approval, has "a high probability of success".

Currently, the U.S. Securities and Exchange Commission (SEC) is evaluating six proposals for spot ETFs, which aim to faithfully replicate the current price of XRP in the market.