Teucrium Investment Advisors was set to launch Teucrium 2x Daily Daily XRP ETF (XXRP) after obtaining NYSE Arca approval. This represents the first exchange (ETF) in the United States that offers exposure to the benefit of XRP (XRP).
The move comes at a time when the race is condensed for the XRP ETF group in the United States, with the possibilities of polymers, indicating a high possibility of approval this year.
What is the long ETF from Teucrium 2X and why it matters
The XXRP box aims to provide daily performance of Altcoin’s daily prices. Trading will start NYSE Arca On April 8.
According to the version, the fund will not invest directly in XRP. Instead, you will mainly obtain exposure through swap agreements with global financial institutions.
There is also a ruling on investing in future XRP contracts, options, related XRP and ETPS XRP contracts as needed. In addition, the Fund may benefit from the inverse purchase agreements to enhance investment capital.
“The fund offers different risks from other types of funds. The fund uses a leverage and is more dangerous than funds associated with the ideals that do not use the leverage. The Fund aims to use it as a short -term trading car,” the fund. bulletin Read.
ETF allows investors to access the XRP market with a lower capital investment compared to the purchase of equivalent derivatives directly. Management fees are 1.85 % and offer monthly distributions to investors.
The launch of XXRP comes in a pivotal moment for XRP, where Ripple recently settled its legal battle with SEC. Although there are no approved points from ETF, the attached Teuccrum product provides a new way for investors who seek the enlarged exposure to the second largest encrypted currency by market value. According to BEINCRYPTO data, the cost of the XRP market is $ 111 billion.
Eric Balunas, chief of ETF, chief of ETF analyst in Bloomberg, commented on the development at the end of x (previously Twitter Publishing). The most prominent unusual nature of this launch.
“It is very strange (perhaps the first) that the first ETF Foundation for the new original is called,” is He said.
Balchunas also pointed out that although Spot XRP ETF has not yet been approved, the possibilities of this approval are still high. Many in the industry share this feeling.
Interestingly, in anticipation of the launch of XXRP, the possibility of obtaining Spot XRP ETF has increased. According to the prediction market platform, the possibilities have jumped 5 % since yesterday.
The chances of approval by December 2025 are now 75 %. However, expectations for short -term approval by July 31 are still more cautious, with currently 33 % possibilities.
It should be noted that the Supreme Education Council faces a decisive period in October to take a decision on the XRP in circulation. These include trading investment funds and 21shares XRP, after their files in the Federal Registry in February.
In addition, Beincrypto stated that the main asset managers, including Blackrock and Fidelity, can soon submit the ETF XRP file, join Wisdomtree, BitWise and Canary Capital.
With the continued development of organizational clarity around digital currencies, the market will closely monitor to find out how this leading ETF leads, and whether it paves the way for more XRP financial products in the United States.
Disintegration
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