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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Apr 08, 2025 04:46 UTC
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Ripple News: John Deaton Gets Emotional As First US XRP ETF Goes Live Tomorrow
XXRP, the first 2x leveraged XRP ETF, launches in the US tomorrow, giving traders amplified exposure to XRPโs price moves.
Rippleโs legal win boosts XRP confidence; Judge ruled XRP isn't a security, clearing the path for ETF growth and investor optimism.
Big news for cryptocurrency fansโ the first XRP Exchange-Traded Fund (ETF) is set to launch in the United States tomorrow. This new ETF, called XXRP, will give investors a way to trade XRP with a 2x leverage, meaning it aims to double the returns based on XRP’s daily price changes.
XXRP ETF Launches in the U.S.
This launch comes at a time when more investors are looking for ways to invest in altcoins like XRP. There are even more XRP ETFs waiting for approval from the SEC, along with ETFs for other cryptocurrencies like Solana.
The excitement also comes after some good news for XRPโs legal troubles. The Ripple case, which has been ongoing for years, seems to be almost over. Ripple has agreed to pay a $50 million fine, and the company can now move forward. This has helped boost confidence in XRP and its related financial products.
Ripple Legal Win Boosts XRP Confidence
John Deaton, a key figure in the Ripple case, reflected on how much has changed over the past four years. He recalled how he fought to get XRP holders involved in the legal process, which helped shape the courtโs decision. The judge ruled that XRP is not a security, which was a huge win for the crypto community.
โMost lawyers laughed at my motion, although, tbh, I didnโt blame them or even get mad. It had never been done before. I knew Judge Torres would never force the SEC to sue, at the time, 12,600 XRP holders (which grew to 75K) but man, did it send the right message,โ he said.
The launch of the XXRP ETF signals not just a new investment option but also a turning point in the acceptance and integration of cryptocurrencies into traditional financial markets. โAnd today, this is like the 20th XRP related ETF. Never say you canโt make a difference,โ he concluded.
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