A significant development in the digital asset investment landscape has been announced by crypto enthusiast Kenny Nguyen, who shared on social media that Robinhood has launched access to a leveraged XRP exchange-traded fund (ETF). The investment product, known as the Teucrium 2x Long Daily XRP ETF, is now available on the Robinhood trading platform. Nguyen calls this an initial step toward broader institutional adoption and integration of XRP into mainstream financial markets. According to the screenshot shared, the Teucrium 2x Long Daily XRP ETF, ticker symbol XXRP, is currently trading at $37.86. It has recorded a daily gain of $0.59, equivalent to a 1.63% increase, with an overnight surge of $1.03 or 2.80%. This is the 1st step to major adoption with accredited investors & financial institutions. XRP is now exposed to the wall street financial world. They are ready to load their bag when Spot XRP ETFs kick in full gear. The 2nd step is ETFs approval, so get ready for 6/17/25. https://t.co/jIsWphJ5sc — Kenny Nguyen (@mrnguyen007) May 23, 2025 The ETF is designed to offer 2x leveraged exposure to the daily price movement of XRP, allowing investors to potentially amplify their gains or losses based on the performance of the underlying asset. The fund’s current daily trading volume is 418,931, suggesting significant retail and possibly institutional interest. Robinhood Lists Leveraged XRP ETF Launching Teucrium 2x Long Daily XRP ETF on Robinhood represents a substantial growth in the availability of crypto-related financial products to a broader investor base. Teucrium is a regulated issuer primarily known for its commodity ETFs. Its entrance into the XRP market via a leveraged fund signals expanding legitimacy for XRP within the U.S. financial system. The listing on Robinhood, a platform popular with retail and institutional users, enables increased access to XRP-focused trading strategies through a regulated environment. Kenny Nguyen’s Statement on Institutional Readiness In his tweet, Kenny Nguyen highlighted the larger implications of this listing, stating, “This is the 1st step to major adoption with accredited investors & financial institutions.” According to Nguyen, this move exposes XRP to the Wall Street financial ecosystem. He indicated that this milestone may prompt institutional participants to begin building positions ahead of the launch of spot XRP ETFs. Anticipation Builds for June 17, 2025 Nguyen concluded his post with a hint toward a future development he described as the next major phase for XRP, writing, “The 2nd step is ETFs approval, so get ready for 6/17/25.” While no official confirmation has been issued regarding a scheduled decision date for a spot XRP ETF approval, the statement suggests expectations within the community that regulatory progress may occur on or around that time. Growing Legitimacy in Regulated Markets Robinhood’s decision to list a 2x leveraged XRP ETF expands XRP’s accessibility and positions it more prominently within the regulated investment space. While leveraged ETFs carry inherent risks and are generally intended for short-term trading by experienced investors, their presence on major retail platforms can also serve as a precursor to more conservative products. If regulatory agencies approve a spot XRP ETF, it would further confirm XRP’s evolution from a digital asset associated with retail speculation to a structured financial instrument recognized by institutional markets. Nguyen’s tweet underscores the growing alignment between the digital asset ecosystem and traditional finance. With this first step now active on Robinhood, the crypto market’s eyes will likely turn to the next milestone Nguyen referenced—potential ETF approval by mid-2025. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Is Now Exposed to the Wall Street Financial World. Here’s the Latest appeared first on Times Tabloid .
