The coded currency market is about to witness a major landmark because Teucrium investment consultants make history with ETF 2X 2X at all in the United States in the United States
Meanwhile, it is scheduled to trade under XXRP in NYSE Arca as of April 8, ETF will twice investors the daily revenues of XRP. The advertisement has already sparked the market, and pushing XRP ‘ The price is 6 % to $ 1.90.
Xxrp: xrp etf highly dangerous, highly dangerous
Unlike regular traded investment funds, XXRP aims to double XRP Daily returns. If XRP rises by 5 % a day, XXRP investors will get 10 %-but the losses are also multiplied, making it a high-risk and high-minded option.
TEUCRIUM has set 1.85 % management fees and an annual expenses for the fund. Currently, XXRP owns $ 2 million of assets.
The CEO of Teucrium, Sal Gilbertie, optimistic about the capabilities of the fund, indicating the interest of the strong investor in XRP ETF. It also alluded to launch more investment funds traded in the future.
“If you strongly believe in the short -term XRP price movements, this ETF may be a great opportunity.”
Interestingly, XXRP is launched during a period of decline in the market, partly due to the tariff policies committed by US President Donald Trump.
75 % XRP ETF approval in 2025?
While the learned ETF issues headlines, analysts continue to focus on the approval of Spot XRP ETF. Many of the main asset managers, including Wisdomtree, BitWise, 21shares, Canary Capital, and Franklin Templeton, submitted requests to the Supreme Education Council, which are currently under review.
Bloomberg analyst ETF Note Erik Balunas The launch of a reformer product before the investment funds circulating in the period is unusual, but it suggested that the chances of obtaining organizational approval for XRP ETF remain high.
Current estimates are 65 % like Give her a chance of 75 %.
The XRP price interacts with ETF news
After announcing the launch of XXRP, XRP has witnessed a noticeable prices, climbing 6 % to $ 1.90. Technical analysis indicates that XRP found strong support at $ 1.65 before its recovery.
If XRP exceeds the resistance at $ 1.95 – 2.00 dollars, it may rise to $ 2.60. However, failure to break $ 2 may lead to a re -test at $ 1.69.
