The cryptocurrency market is about to attend an important step, because the teUcrium investment advisers are making history with the very first lever effect in the United States
Meanwhile, he should negotiate under XXRP on NYSE Arca from April 8, this ETF offers investors twice the daily yields of XRP. The announcement has already aroused the market, increasing the price of XRP up 6% to $ 1.90.
XXRP: High -risk high -risk XRP ETF
Unlike ordinary ETFs, XXRP aims to double XRP’s daily yields. If XRP increases by 5% per day, XXRP investors would earn 10% – but losses would also double, making it a high -risk choice and high reward.
Teucrium set management fees of 1.85% and an annual expenses for the fund. At present, XXRP has $ 2 million in assets.
The CEO of Teucrium, Sal Gilbertie, is optimistic about the potential of the fund, noting a strong interest of investors in an XRP ETF. He also suggested to launch more FNB Crypto in the future.
“If you firmly believe in the short -term price movements of XRP, this ETF could be an excellent opportunity.”
Interestingly, XXRP is launched during a market slowdown, partly due to the pricing policies of American president Donald Trump.
75% of the approval of the ETF XRP in 2025?
While the leverage FNB makes the headlines, the analysts remain focused on the approval of an XRP ETF. Several large asset managers, including Wisdomtree, Bitwise, 21Shares, Canary Capital and Franklin Templeton, have submitted requests to the SEC, which are currently being studied.
Bloomberg ETF analyst Eric Balchunas noted that the launch of a lever -effect product before an ETF Spot is unusual, but suggested that the chances of an XRP ETF from regulatory approval remain high.
Current estimates place the probability at 65% by 2025, the Polymarket in the prediction market giving it 75% chance.
The XRP price reacts to New ETF
After the announcement of the launch of XXRP, XRP experienced a notable leap, climbing 6% to reach $ 1.90. The technical analysis suggests that XRP found solid support at $ 1.65 before its recovery.
If XRP exceeds the resistance from $ 1.95 to $ 2.00, it could reach $ 2.60. However, not breaking $ 2 can lead to a retest at $ 1.69.
