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.
I couldn't have said it better, hooray! I think the same 👏
ENSIGN TRADING
--
Now comes the next part:
⎆ Powell is forced to cut rates to 1-2%
⎆ U.S. refinances debt cheaper
⎆ Stocks, crypto, and real estate pump
⎆ Trump & insiders who bought while you were selling make billions
It's already happening:
Whales are initiating dips through derivatives pressure & then loading up on spot.
And if you were here during the 2020 Covid crash, you know what comes next: ⎆ Unlimited QE ⎆ Rate cuts ⎆ Massive balance sheet expansion ⎆ Biggest bullrun ever
The United States will say what reserves it has in crypto, we know for sure that it will have BTC and ETH, but what else will it have? Will it have XRP? 👀
*Trump declares the "economic independence" of the US before announcing his tariffs*
*Trump announces reciprocal tariffs "with a discount"* The President of the United States has assured that the US administration "will behave well" before asserting that he will impose 'reduced' reciprocal tariffs for a large number of countries.
*20% tariffs for Europe* Donald Trump has announced a general tax of 20% on European imports compared to the 39% that Europe applies to the US, according to the North American leader. The President of the US has shown a comparative table of the tariffs that different nations supposedly apply to the US and the tariffs that the North American country will impose on them.
*34% taxes on imports from China* The President of the United States has communicated the application of a 34% tariff on products originating from China, without specifying sectors. In the table shown by Donald Trump, it states that the Asian country applies taxes of 67% on the North American economy.
*Trump announces 10% tariffs for Argentina, Brazil, Colombia, and Chile* The President of the United States, Donald Trump, announced this Tuesday the imposition of 10% tariffs on imports from Argentina, Brazil, Colombia, and Chile, among other Latin American countries, as part of a series of "reciprocal" tariffs worldwide.
During a statement at the White House, Trump justified this measure because, he said, these countries impose 10% tariffs on American products.
HOW WILL THE US STOCK MARKET REACT? AND THOSE AROUND THE WORLD?
the whales buying like never before, do they know something that the people on the ground don't? what will happen today with the US tariffs? only time will tell, don't believe anyone, no one knows the future 100%, they may have feelings or hunches but no one knows, at 10 PM Spanish time we will know
this implies more public spending and that has always been good for the crypto sector, apart from renegotiating the debt which with current interest rates is unpayable and they have to lower rates,
krispi_
--
hahaha another one with the crystal ball... don't you get tired of saying nonsense? neither you nor the AI can predict the future... if the AI could predict the future, we would all be rich....
Which eco-friendly crypto is leading the charge toward a sustainable future? 🌱♻️ Drop your top green picks below! #GreenCrypto #SustainableCrypto #EcoFriendlyBlockchain #CryptoForThePlanet #GoGreen $BTC