The post Teucrium’s XRP ETF Becomes Most Successful Launch Amid XRP Legal Clarity and Futures Buzz appeared first on Coinpedia Fintech News
Teucrium’s latest offering, the 2X Daily Long XRP ETF, is drawing major investor attention as it records five consecutive days of inflows. This consistent demand signals rising institutional interest in XRP-related products, especially after recent legal clarity surrounding Ripple.
Teucrium’s CEO Sal Gilbertie called the new 2x XRP ETF their “most successful launch ever.” In an interview with ETF analyst Neta Geraci, he said the product’s debut saw an overwhelming response, even though it flew under the radar at first. The ETF launched right after the old SEC leadership stepped down, which Gilbertie noted was a smart timing move.
Trading under the ticker XXRP, the fund gives investors double the daily movement of XRP, making it ideal for those who want to bet short-term on XRP’s price swings. It kicked off with around $5 million in volume, which, while much smaller than big Bitcoin ETFs, was still considered strong for today’s market by expert Eric Balchunas.
Strong Debut Reflects Soaring Demand
After its launch on NYSE Arca, the leveraged XRP ETF had an impressive first week. It opened with $5.5 million in trading volume and closed at $23.37. Activity picked up fast, with volume hitting over $13 million on April 9 and the price climbing to $28.92. The ETF reached its weekly high at $29.21 on April 11, with $8.57 million traded.
Legal Clarity and New XRP Futures Fuel Optimism
The ETF’s rising popularity aligns with broader trends in the XRP ecosystem. On March 20, Bitnomial launched XRP futures, expanding institutional access to the asset. Even more importantly, the U.S. SEC has officially ended its lawsuit against Ripple Labs, a case that cast doubt over XRP’s regulatory status for years.
This legal closure has opened the door for new XRP-focused products. Many asset managers are now hopeful about XRP ETF approvals, especially after the SEC’s recent green light for Ethereum ETF options, hinting at a more crypto-friendly stance.
XRP Price Riding the Momentum
With the legal cloud lifted, XRP’s outlook appears stronger than ever. The ongoing ETF interest and launch of new futures products suggest a growing appetite for XRP exposure. On the tech side, upgrades like smart contract support for the XRP Ledger could further increase the asset’s utility. Right now, XRP is trading between $2.00 and $2.04, up 3.84% in the past 24 hours, with strong market support and high trading activity. Over the last day, it’s mostly stayed between $1.93 and $2.03.
With ETF momentum building and regulatory clarity finally in place, XRP could be gearing up for a major breakout.
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