Sign Up on MEXC
Highlights
- Teucrium is now cleared to list its leverage XRP ETF product on NYSE Arca
- The firm has experience trading related products tied to Bitcoin and Solana
- Demand for funds associated with crypto ETF products is growing in mainstream markets
In the latest XRP news, the market has received a boost with NYSE Arca’s approval of the Teucrium 2X Long Daily XRP ETF. The stock exchange’s move is considered a step forward in integrating more crypto-based investment products into the conventional financial system.
The Teucrium XRP Leveraged ETF
Per the latest XRP News, NYSE Arca approved the listing and registration of Teucrium’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934. This ETF, part of the Listed Funds Trust, gives investors a leveraged way to gain exposure to XRP, the digital currency used on the XRP Ledger.
It is worth noting that Teucrium received the green light from the American Security Commission in 2022 to launch a Bitcoin futures ETF. Now, the company is expanding into the XRP market to make it easier for investors to access alternative markets.
This move is part of a growing trend as more traditional financial firms get involved in crypto. The launch of the leveraged XRP ETF shows that confidence in the coin’s future is picking up.
In addition, crypto experts suggest that this approval signals a shift in sentiment toward risk-on products. Though regulatory challenges remain, such listings could only mean the demand for digital assets in conventional markets.
Growing Push for XRP ETF By Asset Managers
Aside from the Teucrium leveraged product approval, other major asset managers are also pushing for spot XRP ETF approvals.
In an earlier update, Franklin Templeton filed S-1 registration statement with the SEC for a potential XRP ETF. This follows its applications for Bitcoin and Solana ETFs. The move shows a serious interest in expanding crypto services to traditional investors.
Furthermore, speculation has also grown around BlackRock, especially after Ripple CEO Brad Garlinghouse commented that an XRP ETF makes sense for the community.
Though no official partnership has been confirmed, many in the crypto space expect more applications in the months ahead. This is even more likely with the Ripple and SEC lawsuit closure, paving the way for more interest.
XRP Futures in the Spotlight
Furthermore, the XRP futures product is gaining traction in the broader market.
As reported earlier, Coinbase Institutional has filed with the CFTC to self-certify XRP futures contracts via its derivatives arm. The contracts are set to launch on April 21, 2025. This filing process allows for a quicker path to market.
Meanwhile, Bitnomial, a digital asset derivatives exchange, has launched CFTC-regulated XRP futures in the U.S. This move comes after the SEC closed its appeal against Ripple, clearing regulatory hurdles.
Many experts believe the development marks another step in bringing XRP into mainstream, regulated markets.
- World Liberty Financial Discloses Reason for Blacklisting 272 Wallets
- September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data
- Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub
- Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair
- Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
- ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?
