First XRP ETF To Launch In US Market Today, XRP Jumps 7%

XRP prices advanced 7% while asset manager Teucrium Investment Advisors said it would launch the first XRP ETF (funds exchanged) in the US today.

The Teucrium 2x Long Daily XRP ETF, which will begin to trade under the Ticker XXRP at the NYSE ARCA Exchange, aimed at not only offering investors an alternative way to obtain exposure to altcoin, but also to give investors twice in the sun -day -to -day return of XRP.

“If you have a short-term high-conviction view on XRP prices, you may consider exploring Teucrium 2x long daily XRP ETF,” said the asset manager.

The fund includes a 1.85% management fee and an annual cost ratio, according to alternative investment manager Website. The distribution will be paid month -three, and the fund currently has over $ 2 million in total net assets.

Analyst calls off offering a “strange”

Bloomberg ETF analyst Eric Balchunas commented on Teucrium XRP ETF In an April 7 X post, saying that “very humble” is that the first ETF of a new possession is to be -lay average.

A 2x XRP ETF is launching TMRW in the US, the first XRP ETF in the market. Very strange (probably a first) that the first ETF of a new owner is that -—Laves. The spot XRP is still not approved, our odds are relatively high. Story by@Isabelletanlee⁩ pic.twitter.com/eg4wq5y1qi

– Eric Balchunas (@ericbalchunas) April 7, 2025

There is currently no XRP ETF place in the US market. But Balchunas believes that there is a high probability that a funding of the fourth largest crypto by the market cap will be launched as soon as possible.

This came after several XRP ETF files identified by the US Securities and Exchange Commission (SEC) earlier this year.

Ripple Labs, the company behind the XRP, also agreed to live in the SEC last month. It ended a year's legal battle with the regulator, a developmental analysts, including Balchunas, believed to be the method for approval of an XRP ETF area.

Related Articles:

Best Wallet -Variety -Your Crypto portfolio varies

• Easy to use, feature driven by crypto wallet
• Get early access to upcoming ICO token
• Multi-chain, multi-wallet, non-custodial
• Now in the App Store, Google Play
• Stake to earn native token $ best
• 250,000+ monthly active users