- Teucrium’s 2X Long Daily XRP ETF launched on NYSE Arca with $5 million in first-day volume
- The ETF doubles the daily performance of Ripple, doubling both the gain as well as the loss for day traders.
- Ripple’s $1.25 billion purchase of Hidden Road enhances its institutional presence, increasing Ripple’s market position.
Teucrium 2X Daily XRP ETF had an impressive launch on NYSE Arca, achieving $5 million in trading volume on its first day. Bloomberg ETF analyst Eric Balchunas shared that XXRP’s volume places it in the top 5% of new ETF launches. He referred to the volume as “respectable,” with XXRP beating Solana’s launch volume, perhaps signaling enhanced demand for derivatives for Ripple.
Although impressive, the $5 million debut of XXRP lags behind the BlackRock iShares Bitcoin Trust (IBIT), whose $1 billion day one trading caught everyone’s attention. Meanwhile, analysts pointed out that in relation to comparable altcoins such as Solana, demand for leveraged Ripple exposure shows growing conviction among investors towards Ripple’s place within the digital currency market.
Teucrium’s 2X Long Daily XRP ETF Launches
Teucrium’s 2X Daily XRP ETF started trading on April 8, doubling the daily performance of Ripple for investors. For high-volatility, short-term plays, the ETF provides leveraged returns—gains as well as declines—making it a high-risk vehicle for experienced traders wagering on Ripple daily action.
The ETF doesn’t hold Ripple directly. Instead, it mirrors price movements through derivatives, allowing investors to speculate without owning the token or accessing crypto exchanges. With an expense ratio of 1.85%, it appeals to traders seeking exposure to Ripple’s volatility while bypassing wallet custody and digital asset platforms.
The SEC has not yet approved a spot XRP ETF, yet leveraged exposure now exists. Bloomberg’s Balchunas called this “very odd,” stating it’s perhaps the first time a leveraged ETF has preceded a spot version. However, progress is underway, with several spot XRP ETF applications under active SEC review.
Ripple Acquires Hidden Road for $1.25B
Ripple, leveraging lawsuit clarity, has announced a $1.25 billion acquisition of Hidden Road, a global multi-asset prime broker. This would make Ripple the first crypto firm to own such an entity, boosting institutional capabilities and enhancing infrastructure to support future Ripple-based investment vehicles.
As ETF momentum builds, Franklin Templeton’s filing for a spot XRP ETF through Cboe and Grayscale’s potential Ripple Trust conversion signal broad industry interest. Over 20 Ripple-related ETFs are in various stages of submission. These moves reinforce confidence in Ripple’s long-term role within traditional finance portfolios.
In Brazil, the Hashdex Ripple spot ETF recently received regulatory approval, listing on B3. Following the announcement, Ripple price climbed 6%, echoing market optimism across global exchanges. As more regions embrace Ripple-based products, the token’s future as a mainstream financial asset appears increasingly secure.
Read More: XRP Finally Conquers Wall Street – Teucrium’s 2X ETF Gets NYSE Approval
