{"id":126679,"date":"2025-04-08T06:16:40","date_gmt":"2025-04-08T06:16:40","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126679"},"modified":"2025-04-08T06:16:40","modified_gmt":"2025-04-08T06:16:40","slug":"us-to-get-its-first-xrp-based-etf-launching-on-nyse-arca","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126679","title":{"rendered":"US to get its first XRP-based ETF, launching on NYSE Arca"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAsset manager Teucrium Investment Advisors is set to launch the first XRP-based exchange-traded fund in the US markets, a leveraged XRP  (ETF) on the NYSE Arca.<br \/>\nThe Teucrium 2x Long Daily XRP ETF will seek to offer investors two times the daily return of the XRP (XRP) token with a 1.85% management fee and annual expense ratio, according to the company\u2019s website. The XRP-based ETF will trade under the XXRP ticker beginning April 8.<br \/>\n&#8220;If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,&#8221; the alternative asset manager said.<br \/>\nXXRP currently has $2 million worth of net assets.<br \/>\nDetails of Teucrium\u2019s soon-to-be-launched XXRP ETF. Source: TeucriumTeucrium founder and CEO Sal Gilbertie told Bloomberg on April 7 that investors had shown strong interest in an XRP ETF and hinted that it may file to list more crypto ETFs in the future.<br \/>\nGilbertie was also pleased that XXRP would launch during a market downturn driven largely by US President Donald Trump\u2019s tariffs.<br \/>\n\u201cWhat better time to launch a product than when prices are low?\u201d Gilbertie told Bloomberg.<br \/>\nLikelihood of an approved spot XRP ETF still high: Analyst<br \/>\nBloomberg ETF analyst Eric Balchunas said it was \u201cvery odd\u201d to see a new asset\u2019s first ETF come in leveraged form \u2014 however, he added that the odds of a spot XRP ETF being approved remain \u201cpretty high.\u201d<br \/>\nSource: Eric BalchunasSeveral spot XRP ETF applications from the likes of Grayscale, Bitwise, Franklin Templeton, Canary Capital and 21Shares are being reviewed by the Securities and Exchange Commission.<br \/>\nIn February, Balchunas and fellow Bloomberg ETF analyst James Seyffart attributed 65% approval odds to a spot XRP ETF in 2025.<br \/>\nPredictions market Polymarket states there is currently a 75% chance that the SEC will approve a spot XRP ETF in 2025.<br \/>\nRelated: XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline<br \/>\nUp until recently, ETF issuers would have seen a different environment for filing for XRP ETFs as Ripple Labs \u2014 the creators of the XRP token \u2014 and the SEC battled out a four-year court battle over XRP\u2019s security status.<br \/>\nThat case came to a close last month.<br \/>\nTeucrium has amassed over $310 million worth of assets under management since it was founded in 2010.<br \/>\nIt offers mostly agricultural commodities, such as ETFs tracking the likes of corn, soybeans, sugar and wheat.<br \/>\nMagazine: XRP win leaves Ripple and industry with no crypto legal precedent set<a href=\"https:\/\/cointelegraph.com\/news\/teucrium-launch-first-leveraged-xrp-etf-in-us-markets?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAsset manager Teucrium Investment Advisors is set to launch the first XRP-based exchange-traded fund in the US markets, a leveraged XRP (ETF) on the NYSE Arca. The Teucrium&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126679"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126679"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126679\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126679"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}