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Crypto News

The first XRP ETF is here … and it is already on steroids

There are rumors floating in encryption for months now after being Bitcoin and Ethereum, can be some of Solana, XRP, Ada or Doge in the immediate ETFS approval.

Polymarket gives a 75 % chance now for Ripple’s ETF It will be approved in 2025 and this is now higher compared to 69 % of DOGE and Cardano 52 %.

Solana is now leading this race on Polymarkt with 82 % possibilities for ETF approval in 2025. However, the Bloomberg analyst dropped news about ETF’s launch from the first XRP ever today, but it is not a faction.

XRP ETF, which takes advantage of this, introduces an unexpected market

In surprising development, Teucrium Investment Advisors LLC is launched at the first XRP ETF in the American market. But unlike the traditional traditional investment funds that traders may expect, this one comes with development – it is a reformer.

The new box, called Teucrium 2x Daily Daily XRP ETF, is designed to provide twice the daily return of XRP through the use of barters.

The box is traded as XXRP and costs 1.85 % of the fees, which is very high but logical for the profitable product. XRP is now the fourth largest encryption of about $ 111 billion. Her popularity jumped after Ripple Labs has finished dealing with its American organizational issues.

What is strange here is that Investment funds circulated in the summons It usually comes after the investment funds circulated in the regular spot, not before it. With Bitcoin and Ethereum, we first got the main traded investment funds, and we later seen only the most complex products.

This XRP ETF breaks this style. It aims to active traders, not long -term investors, because their daily reset can make them lead differently from keeping XRP over time.

SEC may mean approval of ETF 2X XRP before any XRP ETFS stain that the organizers are trying something new or that this type of money was easier to get it.

It may have helped the most obvious legal situation in XRP after Ripple settled its legal battles in making this unusual ETF possible. Although Spot XRP ETFS has not yet been approved, this launch indicates that encryption investments continue to change.

Also read: The graph that says XRP has just started

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