EddieJayonCrypto
9 Apr 25
The first XRP exchange-traded fund (ETF) in the US had a successful launch, with a "terrific response" on its opening day, according to Teucrium CEO Sal Gilbertie. The New York Stock Exchange approved the listing of the Teucrium 2x Long Daily XRP ETF (XXRP), designed to deliver twice the daily perfo...
The first XRP exchange-traded fund (ETF) in the US, the Teucrium 2x Long Daily XRP ETF (XXRP), had a successful launch, receiving a "terrific response" on its opening day, according to Teucrium CEO Sal Gilbertie. This ETF is designed to deliver twice the daily performance of XRP through swap contracts and is aimed at active traders with daily resets, offering leveraged exposure to XRP without the need for traditional margin accounts.
The New York Stock Exchange's approval of this XRP ETF came following changes in the US Securities and Exchange Commission (SEC) leadership, signaling a more constructive regulatory posture on cryptocurrencies. Gilbertie expressed support for XRP, highlighting its utility in cross-border payments and its potential role in infrastructure for near-instantaneous settlement. The successful launch of the XRP ETF reflects a maturing regulatory environment and a growing interest in diversified crypto investment instruments, symbolizing a pivotal moment for cryptocurrency trading in the US.