Editor's PiCK
"XRP 2x Leverage ETF Launches Today... First Case of Leverage ETF Launching First"
Summary
- An analyst stated that the 2x leverage ETF of XRP was launched first in the market without a general ETF.
- It was reported that this launch is the first case where a leverage product of a specific asset class appears first in the ETF market.
- It was added that XRP is trading at $1.96, up 10.90% in the Binance USDT market.
As the 2x leverage XRP futures exchange-traded fund (ETF) is set to launch, it has been evaluated as the first case in the market where a leverage ETF is launched first.
On the 8th (local time), Bloomberg ETF analyst Eric Balchunas stated on X, "The 2x leverage product of XRP, XXRP, launches today," and noted, "It is the first XRP ETF product and the first case where a leverage product of a specific asset class appears in the ETF market first." Typically, leverage ETF products are launched after general ETF products, but in the case of XRP, the leverage product was launched first. He added, "There will be many such first cases occurring this year."
Meanwhile, the 2x leverage XRP futures ETF issued by TeucriumETFs is scheduled to launch on the 8th (local time).
As of 9 PM, XRP is trading at $1.96, up 10.90% compared to 24 hours ago, based on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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