- Teucrium’s 2X Daily Long XRP ETF has recorded five consecutive days of inflows, marking the firm’s most successful fund launch to date.
- Growing investor demand follows regulatory clarity and rising interest in XRP-backed investment products.
Teucrium’s newly launched 2X Daily Long XRP ETF is capturing headlines as it records five consecutive days of investor inflows, signaling rising demand for XRP-backed investment products. Launched on NYSE Arca, this leveraged exchange-traded fund is proving to be Teucrium’s most successful product to date, reflecting mounting institutional interest in regulated XRP exposure.
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The ETF’s performance has been nothing short of impressive. After debuting with a $5.55 million trading volume and a closing price of $23.37, activity quickly surged. By April 9, volume jumped to $13.33 million, with the price hitting $28.92. The fund peaked on April 11 at $29.21, with over $8.57 million traded. This steady growth underscores the market’s growing confidence in both Teucrium’s product and XRP as a viable digital asset.
Teucrium’s CEO hailed the ETF as the firm’s “most successful launch ever,” crediting investor enthusiasm and the product’s innovative structure. The fund offers double the daily price movement of XRP, attracting traders seeking leveraged exposure without resorting to unregulated platforms.
This surge in demand aligns with broader bullish trends for XRP. The SEC’s dismissal of its lawsuit against Ripple Labs has removed a long-standing cloud over the asset, paving the way for more institutional involvement. Meanwhile, Bitnomial’s launch of XRP futures and the possibility of more ETF approvals suggest that XRP is entering a new era of legitimacy and accessibility.
Analysts are also eyeing upcoming upgrades to the XRP Ledger, including smart contract capabilities, as potential catalysts for further adoption and price appreciation.
As of April 11, XRP was trading at $2.04, up 3.84% over 24 hours, according to CoinMarketCap. With regulatory clarity, new products, and increasing utility on the horizon, the Teucrium XRP ETF’s strong debut could be just the beginning of a larger wave of XRP-focused investment interest.
