Summary
- The 2x Long Ripple (XRP) Futures ETF recorded a trading volume of $5 million on its first day.
- It was stated that this is a very impressive figure considering the recent market conditions.
- The trading volume ranks in the top 5% of newly launched ETFs.
Eric Balchunas, a Bloomberg ETF specialist analyst, announced on the 8th (local time) via X (formerly Twitter) that the 2x Long Ripple (XRP) Futures Exchange-Traded Fund (ETF) issued by the independent ETF issuer TeucriumETFs recorded a trading volume of $5 million on its first day.
He explained, "Considering the recent market conditions, this is a very impressive figure," adding, "It ranks in the top 5% of newly launched ETFs and is about four times the trading volume of the 2x Solana ETF (SOLT)."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
