
Teucrium's 2X Daily Long XRP ETF (XXRP) has seen significant investor inflows, indicating strong institutional interest post-Ripple legal clarity.
The XXRP ETF launched successfully, with CEO Sal Gilbertie noting it as their "most successful launch ever," capitalizing on favorable regulatory timing.
Increased trading volume and rising price of XXRP, coupled with new XRP futures and potential ETF approvals, signal a bullish outlook for XRP.
Teucriumโs newest launch, the 2X Daily Long XRP ETF, is quickly grabbing attention with five straight days of inflows. This steady demand shows growing institutional interest in XRP, especially now that Ripple has cleared its long-running legal issues with the SEC.
Here’s what you should know.
Teucrium CEO Praises Strong Start
Teucrium CEO Sal Gilbertie called the new 2x XRP ETF their โmost successful launch ever.โ In a conversation with ETF analyst Neta Geraci, he said the product received a strong response from investors, even though it didnโt make big headlines at first. Gilbertie also pointed out that the timingโright after the old SEC leadership stepped downโplayed a key role in the ETFโs successful debut.
How the XXRP ETF Works
Listed under the ticker XXRP, this ETF offers investors double the daily price movement of XRP. Itโs aimed at those looking to make short-term bets on XRPโs price swings. The fund launched with about 5 million dollars in trading volume. While thatโs smaller than volumes seen in Bitcoin ETFs, ETF expert Eric Balchunas noted it was still impressive given current market conditions.
Strong Debut Reflects Soaring Demand
After its launch on NYSE Arca, the leveraged XRP ETF had an impressive first week. It opened with $5.5 million in trading volume and closed at $23.37. Activity picked up fast, with volume hitting over $13 million on April 9 and the price climbing to $28.92. The ETF reached its weekly high at $29.21 on April 11, with $8.57 million traded.
Legal Clarity and New XRP Futures Fuel Optimism
The ETFโs rising popularity aligns with broader trends in the XRP ecosystem. On March 20, Bitnomial launched XRP futures, expanding institutional access to the asset. Even more importantly, the U.S. SEC has officially ended its lawsuit against Ripple Labs, a case that cast doubt over XRPโs regulatory status for years.
This legal closure has opened the door for new XRP-focused products. Many asset managers are now hopeful about XRP ETF approvals, especially after the SECโs recent green light for Ethereum ETF options, hinting at a more crypto-friendly stance.
XRP Price Update
XRPโs outlook appears stronger than ever. The ongoing ETF interest and launch of new futures products suggest a growing appetite for XRP exposure. On the tech side, upgrades like smart contract support for the XRP Ledger could further increase the assetโs utility. Right now, XRP is trading between $2.00 and $2.04, up 3.84% in the past 24 hours, with strong market support and high trading activity. Over the last day, it’s mostly stayed between $1.93 and $2.03.
With ETF momentum building and regulatory clarity finally in place, XRP could be gearing up for a major breakout.
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