Highlights
Current market data shows that investor interest in Ripple Labs-linked XRP continues to rise following the launch of the Teucrium 2x Long Daily XRP ETF. Notably, as of April 11, 2025, the fund had recorded five straight days of inflows, which typically shows the steady demand for XRP-backed investment products.
It is worth mentioning that after NYSE Arca approved the Teucrium ETF, the fund made a strong impression in its first week. On its debut day, it recorded a trading volume of $5,551,577 and closed at $23.37.
Activity climbed quickly on April 9, with volume jumping to $13,333,700 and the price increasing to $28.92. Trading stayed active throughout the week, and April 10 brought $8,876,879 in volume with a closing price of $27.07. On April 11, the ETF reached its highest price at $29.21, with $8,579,731 volume traded.
Teucrium’s CEO called the XRP ETF the company’s most successful launch to date and said investors’ response was better than expected.
Essentially, the firm designed the ETF to reflect double the daily price movement of XRP. This setup appeals to investors looking for leveraged exposure. The steady rise in volume and price over five days suggests increasing interest from institutions looking to trade XRP in a regulated format.
The ETF’s early success comes as more XRP-related investment options emerge. On March 20, 2025, Bitnomial launched XRP futures, giving traders a new way to gain exposure to the coin.
In another bullish update, the US SEC has officially ended its lawsuit against Ripple Labs Inc. The move has cleared one of the major roadblocks facing XRP and has made way for new ETF applications.
It is important to add that asset managers are now predicting possible XRP ETF approvals. This comes after the SEC approved options for spot Ethereum ETFs, further showcasing its new pro-crypto stance.
Looking ahead, several trends could affect the price of XRP for good. For one, the end of the SEC and Ripple lawsuit has removed doubts about the coin’s security status. This has further set it up for adoption.
Based on historical trends, new features like smart contracts planned for the XRP Ledger may improve the asset’s utility.
Data from CoinMarketCap shows that XRP, the fourth-largest cryptocurrency, was trading at $2.04 as of this publication, marking a 3.84% increase over the past 24 hours.
The crypto market may find support after the recent selling pressure despite the cut in…
Bitcoin is under renewed pressure as markets price in a near-certain Bank of Japan (BOJ)…
Strategy executive chairman Michael Saylor has indicated another purchase of Bitcoin (BTC). The signal comes…
Former Fed Governor Kevin Warsh has seen his odds of becoming the next Fed chair…
CNBC's Ran Neuner has asserted that he would never consider investing in the XRP token.…
An update by the popular payment messaging system SWIFT to introduce blockchain into its process…