First XRP ETF for launch in the US market today, XRP jumps 7 %

The price of XRP increased by 7 %, as the director of Ascet Teucrium Investment Advisors said he would launch the first XRP ETF (a trading box for exchange) in the United States today.

Teucrium 2x Daily Daily ETF, which will start trading under the XXRP index on the NYSE Arca Stock Exchange, not only to provide an alternative method for exposure to the exposure to Altcoin, but also to give investors twice daily to investors Xrp.

“If you have a short -term display method on XRP prices, you may consider exploring Teucrium 2x Long Daily XRP ETF,” said the asset manager.

The fund will include administrative fees of 1.85 % and the annual expenses, according to the manager of the alternative investment Website. Distribution will be paid monthly, and the fund is currently more than $ 2 million of total assets.

Analysts calls to benefit from “strange” offering

Bloomberg analyst ETF Eric Balunas commented on Tukrium Xrp etf In a post on April 7, saying it is “very strange” that the first investment funds circulated in new assets be used.

2X XRP ETF launches TMRW in the United States, which is the first XRP ETF ever on the market. Very strange (perhaps first) that the first ETF for the new original is to be used. The XRP spot is still not approved, although our possibilities are very high. The story is across@isabelletanlee⁩ pic.twitter.com/eg4wq5y1qi

Eric Balunas (EricBalchunas) April 7, 2025

There are currently any XRP ETF points in the United States market. But Balchunas believes that there is a high possibility that a stain box that tracks the fourth largest encryption in the market will be launched soon.

This comes after the recognition of several Spot XRP ETF files by the US Securities and Stock Exchange Committee (SEC) earlier this year.

Ripple Labs, the company behind XRP, agreed to settle SEC last month. This has ended a year legal battle with the organizer, a development believed to be analysts, including Balunas, has paved the way for the approval of Spot XRP ETF.

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