XRP ETF Debuts Amid Regulatory Uncertainty and Performs Respectably Despite Bear Market

Teucrium XRP ETF Debuts In Tough Market Conditions

The first US leveraged XRP ETF, teucrium’s 2x Long Daily XRP ETF, was finally approved and launched on NYSE Arca. It is under the ticker XXRP and has recorded a sizable $5M in trading. This XRP ETF will offer investors twice the daily return of the Ripple (XRP) token. Institutional investors have long been waiting for a Ripple ETF, and Teucrium might file to list more crypto ETFs soon. 

The bearish crypto market’s downturn has been driven mainly by President Trump’s tariffs. The new Ripple ETF has performed reasonably well despite the market conditions, and the Teucrium founder told Bloomberg that the best time to launch the ETF was when prices were low. 

How to Buy XRP ETF?

Investors are still awaiting approval of a spot ETF, as it can drive the XRP price to greater peaks. Exchange-traded funds (ETFs) track the price performance of crypto tokens and allow investors to gain direct exposure to crypto prices without owning the assets. They are regulated and approved by the SEC and are accessible investments. 

ETFs are increasing crypto adoption by the broader financial market, and a spot XRP ETF will unlock more significant institutional investments. Despite the SEC’s silence, the odds of a spot Ripple ETF being approved are pretty high. The Teucrium Ripple ETF is its most successful ETF launch to date, and it currently gains exposure to the XRP price through swaps based on European Ripple ETFs. It can hold other XRP-linked instruments, including futures when available. It is intended to be a short-term trading tool. 

You can buy the new Ripple ETF if your brokerage platform has access to NYSE Arca-listed securities. Search for the XXRP ticker and make your purchase. Monitor your investment, considering its leveraged nature and the market conditions that influence the XRP price. 

Source: CoinMarketCap

Will the XRP ETF Propel XRP Price to $10?

The Ripple token is trading at $1.80 right now, and ideally, the new Ripple ETF should bring in more investment, which would reflect in the growth of the XRP price and market cap. XRP is currently struggling in the bear market, but it remains one of the most widely traded cryptocurrencies. It is also a utility-backed token with Ripple’s cross-border payment platform, which makes it a fundamentally strong digital asset. 

The XRP price is affected by market volatility, and its supply and demand are also affected by regulatory developments. Ripple has yet to see the end of its legal troubles with the United States Securities and Exchange Commission (SEC). Ripple’s appeal with the SEC may determine the future XRP price and the fate of spot XRP ETF applications. 

Conclusion

The Ripple ETF launch is a big deal for XRP investment products, especially in this volatile market. More than 215,000 shares were traded on day one, even though it’s a leveraged product and more suitable for short-term trading. 

Investors are advised to exercise caution and understand the increased volatility and potential losses of leveraged ETFs. As the market evolves, XXRP may impact the development and approval of other XRP products, including the upcoming spot XRP ETF.