#XRPETF #XRPETF XRP XRP ETFs are exchange-traded funds that track the performance of Ripple (XRP). Here are some key points regarding XRP ETFs:
Available XRP ETFs
- *Teucrium 2x Long XRP ETF*: This ETF is listed on the ARCX exchange under the symbol XXRP, with a current price of $32.53.
- *ProShares XRP ETF*: ProShares is set to launch three XRP Futures ETFs on April 30, offering investors exposure to XRP price trends without directly holding the token. These ETFs include:
- *ProShares UltraShort XRP ETF*
- *ProShares Ultra XRP ETF*
- *ProShares Short XRP ETF*
- *21Shares ETP XRP*: This ETN (Exchange-Traded Note) tracks the value of XRP, with a total expense ratio of 2.50% per year and a fund size of €523 million.
Benefits and Risks
- XRP ETFs provide investors with exposure to XRP price movements without requiring direct ownership of the cryptocurrency.
- Futures ETFs may offer a more regulated and familiar investment vehicle for traditional investors.
- However, approvals for spot XRP ETFs may depend on the withdrawal of the SEC appeal and a favorable resolution of the Ripple case.
Performance
- XRP gained 0.42% on April 26, closing at $2.1916, reflecting a rise in the broader crypto market capitalization to $2.92 trillion.
- The 21Shares XRP ETP has shown significant growth, with a one-year return of +289.61% and a five-year return of +847.56%.