XRP (CRYPTO: XRP) surged more than 11% Tuesday to trade at $1.95, clawing back losses from Monday’s tariff-driven sell-off as optimism over potential U.S. trade negotiations lifted sentiment across risk assets.
The rally also comes as Teucrium Investment Advisors launched the first-ever leveraged XRP ETF on the NYSE Arca exchange, giving investors 2x daily exposure to the token’s price moves.
XRP has shed nearly 12% over the last month, but Tuesday’s relief rally—fueled by both macro news and a milestone in crypto investment products—marked its sharpest single-day gain since February.
ETF Launch Adds Fuel to XRP Recovery
The debut of the Teucrium 2x Long Daily XRP ETF (XXRP) marks an achievement for XRP investors. It is the first XRP-focused exchange-traded fund in the U.S., arriving before a standard “spot” XRP ETF has received regulatory approval—an uncommon path for crypto-linked funds.
“Very odd (maybe a first) that a new asset’s first ETF is leveraged,” Bloomberg Intelligence analyst Eric Balchunas said on X. “Spot XRP still not approved, although our odds are pretty high.”
The fund, which charges a 1.85% management fee, gives traders the ability to …Full story available on Benzinga.com
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