Teucrium’s XRP ETF Becomes Most Successful Launch Amid XRP Legal Clarity and Futures Buzz
The post Teucrium’s XRP ETF Becomes Most Successful Launch Amid XRP Legal Clarity and Futures Buzz appeared on BitcoinEthereumNews.com.
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 Praises Strong Start 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. ‼️TEUCRIUM CEO: “THE XRP ETF WAS OUR MOST SUCCESSFUL LAUNCH DAY TO DATE FOR FUND WE’VE EVER DONE”‼️ “Terrific response”✅ “Overwhelming excitement”✅ Institutional investors are eager to acquire XRP through their preferred investment vehicles.🎯 Listen closely.👇 https://t.co/W2n4f2OyjR pic.twitter.com/ypi5GQVAhr — SMQKE (@SMQKEDQG) April 11, 2025 How the XXRP ETF Works 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. The volume on $XXRP is impressive, these are big numbers for Day Two-Four, esp for a 2x indie in a whack market. Child’s play vs bitcoin ETFs of course, but really strong, this thing is finding an audience quickly pic.twitter.com/IOUtQFW8bd — Eric Balchunas (@EricBalchunas) April 11, 2025 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…
Filed under: News - @ April 12, 2025 10:13 am