CoinInsight360.com logo CoinInsight360.com logo
CoinTelegraph 2025-04-08 05:39:46

US to get its first XRP-based ETF, launching on NYSE Arca

Asset manager Teucrium Investment Advisors is set to launch the first XRP-based exchange-traded fund in the US markets, a leveraged XRP (ETF) on the NYSE Arca. The Teucrium 2x Long Daily XRP ETF will seek to offer investors two times the daily return of the XRP ( XRP ) token with a 1.85% management fee and annual expense ratio, according to the company’s website. The XRP-based ETF will trade under the XXRP ticker beginning April 8. "If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF," the alternative asset manager said. XXRP currently has $2 million worth of net assets. Details of Teucrium’s soon-to-be-launched XXRP ETF. Source: Teucrium Teucrium founder and CEO Sal Gilbertie told Bloomberg on April 7 that investors had shown strong interest in an XRP ETF and hinted that it may file to list more crypto ETFs in the future. Gilbertie was also pleased that XXRP would launch during a market downturn driven largely by US President Donald Trump’s tariffs. “What better time to launch a product than when prices are low?” Gilbertie told Bloomberg. Likelihood of an approved spot XRP ETF still high: Analyst Bloomberg ETF analyst Eric Balchunas said it was “very odd” to see a new asset’s first ETF come in leveraged form — however, he added that the odds of a spot XRP ETF being approved remain “pretty high.” Source: Eric Balchunas Several spot XRP ETF applications from the likes of Grayscale, Bitwise, Franklin Templeton, Canary Capital and 21Shares are being reviewed by the Securities and Exchange Commission. In February, Balchunas and fellow Bloomberg ETF analyst James Seyffart attributed 65% approval odds to a spot XRP ETF in 2025. Predictions market Polymarket states there is currently a 75% chance that the SEC will approve a spot XRP ETF in 2025. Related: XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline Up until recently, ETF issuers would have seen a different environment for filing for XRP ETFs as Ripple Labs — the creators of the XRP token — and the SEC battled out a four-year court battle over XRP’s security status. That case came to a close last month. Teucrium has amassed over $310 million worth of assets under management since it was founded in 2010. It offers mostly agricultural commodities , such as ETFs tracking the likes of corn, soybeans, sugar and wheat. Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set

https://www.digistore24.com/redir/325658/ceobig/
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta