Teucrium’s 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 Sal Gilbertie called the new 2x XRP ETF their “most successful launch ever.” In a conversation with ETF analyst Neta Geraci, he said the product received a strong response from investors, even though it didn’t make big headlines at first. Gilbertie also pointed out that the timing—right after the old SEC leadership stepped down—played a key role in the ETF’s successful debut.
Listed under the ticker XXRP, this ETF offers investors double the daily price movement of XRP. It’s aimed at those looking to make short-term bets on XRP’s price swings. The fund launched with about 5 million dollars in trading volume. While that’s smaller than volumes seen in Bitcoin ETFs, ETF expert Eric Balchunas noted it was still impressive given current market conditions.
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.
The ETF’s 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 XRP’s 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 SEC’s recent green light for Ethereum ETF options, hinting at a more crypto-friendly stance.
XRP’s 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 asset’s 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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