2x Long Daily XRP ETF, launched by the US -based Teucrium, reached a transaction volume of approximately $ 5 million on the first trading day and echoed in the crypto currency market. The product, which started to be traded in Nyse Arca, attracted the attention of investors because it is linked to Ripple. In particular, the fact that the process of the XRP’s securities status came to the final stage came to the fore as one of the main factors behind this interest. Compared to solana -based products launched in the same period, the volume difference was quite evident.
Strong demand for XRP ETF from the first day
The 2x Long Daily XRP ETF left its competitors with a 5 million -dollar transaction volume on the first day of its release. This figure corresponds to four times the Solana ETF, which was launched at the same time. Bloomberg senior ETF analyst Eric Balchunas described this performance as remarkable. Balchunas, drawing attention to the difficulty of existing market conditions, underlined the interest of the product.
Investors’ tendency to take positions with high -volume transactions reflects the confidence in the future of the XRP. The fact that Ripple has been significant in the case with the US Securities and Stock Exchange Commission (SEC) was registered in these investment decisions. The leveraged structure of the product also offered an attractive ground for investors who want to get a short -term position.
Expectations are rising in XRP -based products
Interest in financial vehicles based on XRP is not limited to Teucrium. Large financial institutions such as Franklin Templeton also applied Spot XRP ETF. Grayscale is preparing for a similar product, increasing expectations that more XRP -based alternatives will enter the market. These developments are shaped with the increasing confidence that XRP will not be evaluated in the securities class.
Lawyer John Deaton, known for the crypto currency, stressed that the clarification of XRP’s status after the Ripple case provided serious relief in the market. Deaton said that this will increase the interest in new products further. These developments on the regulatory front ensure that XRP is perceived as a less risky and more accessible asset before the investor.
The approval of the Brazilian fund management company Hashdex for the Spot XRP ETF revealed that confidence in a regional scale has grown. With this development, a 6 percent increase in the price of XRP was observed. The price movement in question once again revealed how quickly investors reacted to developments.
New products shape the market
ETF diversity, which addresses the different needs of investors, is considered an important step in the maturation process of the crypto money market. This increasing interest in the XRP signals that more thematic and regional products can enter the market in the future. Especially the volume of more sophisticated investment instruments such as leveraged products increases the effectiveness of professional investors in the market.
The rise in the transaction volume of ETFs shows that crypto currencies are becoming more intertwined with traditional investment products. With Ripple’s position strengthened by the legal process, XRP -based products have been opened. Increasing the interest of corporate investors may make the developments in this field more sustainable.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
