The first XRP ETF to be released in the US market today, XRP jumped 7%

The XRP price increased by 7% as the asset manager Teucrium Investment Consultants said it would launch the first XRP ETF in the US today.

Teucrium 2x Length Daily XRP ETF, which will begin to trade under the Ticket XXRP on the Nyse Arca Stock Exchange XRP.

“If you have a short -term high -guaranteed opinion about XRP prices, you may consider discovering the daily XRP ETF with a high -term high -guaranteed opinion,” he said.

Fund, Alternative Investment Manager website. Distributions will be paid monthly and the fund is currently over $ 2 million in total net assets.

Analyst offers a “strange” consisting of calls

Bloomberg ETF analyst commented on Eric Balchunas Teucrium XRP ETF In April 7, he says that the abolition of the first ETF of a new asset was “very strange ..

The 2x XRP ETF launches TMRW in the USA, the first XRP ETF on the market. It is very strange that the first ETF of a new being is removed (maybe the first). Spot XRP is still not approved, our rates are quite high. Story@isabelletanlee⁩ pic.twitter.com/eg4wq5y1qi

– Eric Balchunas (@icalchunas) April 7, 2025

Currently, there is no Spot XRP ETF in the US market. However, Balchunas believes that a spot fund following the fourth largest crypto by Market CAP will soon be released.

This comes after the adoption of several spot XRP ETF files by the US Securities and Stock Exchange Commission (SEC) earlier this year.

Ripple Labs, the company behind the XRP, also agreed to settle in SEC last month. This ended with years of legal war with the regulator, which is a development that analysts, including Balchunas paved the way for the approval of a Spot XRP ETF.

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