XRP’s Most Shocking Leveraged ETF Gambit—You Won’t Believe This 🤯

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Well now, dear reader, gather ‘round for a yarn about XRP that’s bigger than a catfish story on the mighty Mississippi. Crypto enthusiasts have long been pining for a reason to do cartwheels, and by golly, they’ve found one. With Ripple just a hop, skip, and a legal motion away from crossing the finish line with the SEC, a newfangled gizmo is hitting the market faster than a golden retriever on a ham bone: the very first leveraged XRP ETF. And not just any run-of-the-mill ETF—a 2x leveraged doohickey that’ll let you ride XRP’s daily ups and downs like a steamboat gambler on the Mississippi. 🤠

Teucrium Unleashes the First-Ever Leveraged XRP ETF in the US

In the grand old tradition of doing things backward, Teucrium Investment Advisors is rolling out XXRP—no, that’s not someone stuttering, that’s the new 2x leveraged XRP ETF—on NYSE Arca this April 8. The ticker itself sounds like a secret code, but it aims to serve up twice the daily return of XRP through fancy swap agreements (think of it like borrowing your neighbor’s lawnmower to cut your own grass—except with more decimal points and attorneys). The fee is 1.89%, which some might call steep, but hey, if it’s thrills you want, it’s thrills you’ll get. 🚀

Why would anyone do such a fool thing before a good, old-fashioned spot ETF is greenlit? Maybe they just relish living on the edge. Either way, the gates have been flung open for folks craving bigger day-to-day moves without holding actual XRP. Good luck, intrepid traveler!

How Will It Work Without a US Spot XRP ETF?

Seeing as the US spot XRP ETF remains about as elusive as a polite raccoon, XXRP will take its cues from European-listed XRP ETPs (because who doesn’t love a little continental flair?). The fund will peek at offerings from 21Shares, Bitwise, WisdomTree, Virtune, and CoinShares, and make use of those fancy benchmarks like the CME CF XRP-Dollar Reference Rate and the XRP-Dollar Real-Time Index. 🤓

The wildest part is how this leveraged product got off the porch before any plain vanilla XRP ETF even sniffed approval—kind of like putting the cart before the horse and then riding the cart downhill. Bloomberg’s Eric Balchunas scratched his head and called it “very odd,” but who among us doesn’t love a little craziness in the morning? Teucrium’s even plotting a short version of the ETF soon, so if you’re itching to bet on XRP slippin’ ‘n’ slidin’ downhill, your day in the sun is coming.

Investor Demand and Ripple’s Legal Win Drive the Launch

Teucrium’s head honcho, Sal Gilbertie, figures there’s no time like the present, what with XRP priced low enough to pick up for a song and a snappy jig. The folks at Teucrium already manage a respectable $311 million, having earned fame by sneaking their Bitcoin futures ETF past the gatekeepers in 2022.

The timing couldn’t be better, what with optimism swirling around Ripple’s SEC case like cotton candy at a county fair. Ripple’s own CEO, Brad Garlinghouse, opines that multiple XRP ETFs will flood in like a herd of stampeding buffalo in the second half of 2025. Whether that’s bravado or prophecy remains to be seen, but it sure sets the imagination ablaze. ⚡

ETF Optimism Grows as XRP Inches Higher

Once the SEC finally said, “Alright, we’re done messing around with you,” Ripple and XRP got a spring in their step. Approval odds for an XRP ETF soared to around 86%, and XRP itself trotted up 14% in value. A who’s who of big shots—Bitwise, Franklin Templeton, Grayscale, and 21Shares—are chomping at the bit to push their own ETFs forward, while rumors abound that behemoths like BlackRock and Fidelity might throw their hats in the ring, too. At the time of this telling, XRP rests around $1.87, a bit lower on the day, but folks are still stoking the fires of excitement as the ETF circus barrels on. 😎

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2025-04-08 08:24