📢First U.S.-based XRP ETF debuts

First U.S.-based XRP ETF debuts with "very respectable" trading volume.

On Tuesday, April 8, Bloomberg’s senior ETF analyst Eric Balchunas took to X platform to share the news of the successful debut of the first U.S.-based XRP ETF.

According to Balchunas’s X post, on its first day, the Teucrium 2x Long Daily XRP ETF (XXRP) demonstrated a "very respectable" trading volume of $5 million.

The expert noted that this performance places XXRP in the top 5% of new ETF launches, significantly outperforming a recently launched leveraged leveraged

Solana ETF.

"Despite all the negative sentiment from people within the crypto industry, I’ve always maintained that XRP has much more appeal than industry players want to admit," wrote pro-XRP lawyer John Deaton on X.

The new U.S.-based XRP ETF offers 2x leveraged exposure to XRP through swaps; the product is designed as a tool for short-term speculation on volatility.

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