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.
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
Ripple and the SEC have reached an agreement to withdraw their appeals and resolve the sanctions, with the SEC retaining 50 million dollars and returning the rest to Ripple, indicating a possible resolution to their ongoing legal battle. According to BlockBeats, Ripple's General Counsel, Stuart Alderoty, announced that the U.S. Securities and Exchange Commission (SEC) has agreed to unconditionally withdraw its appeal from last week. Ripple has also decided to withdraw its counter-appeal. As part of the agreement, the SEC will retain $50 million of the $125 million fine, which has been deposited in an interest-generating escrow account, while the remaining amount will be returned to Ripple. Additionally, the SEC plans to request the court to lift the standard restraining order previously imposed on its application. These actions are subject to committee vote, final document drafting, and standard court procedures. #SEC #XRP