In the latest XRP news, the market has received a boost with NYSE Arca’s approval of the Teucrium 2X Long Daily XRP ETF. The stock exchange’s move is considered a step forward in integrating more crypto-based investment products into the conventional financial system.
The Teucrium XRP Leveraged ETF
Per the latest XRP News, NYSE Arca approved the listing and registration of Teucrium’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934. This ETF, part of the Listed Funds Trust, gives investors a leveraged way to gain exposure to XRP, the digital currency used on the XRP Ledger.
It is worth noting that Teucrium received the green light from the American Security Commission in 2022 to launch a Bitcoin futures ETF. Now, the company is expanding into the XRP market to make it easier for investors to access alternative markets.
This move is part of a growing trend as more traditional financial firms get involved in crypto. The launch of the leveraged XRP ETF shows that confidence in the coin’s future is picking up.
In addition, crypto experts suggest that this approval signals a shift in sentiment toward risk-on products. Though regulatory challenges remain, such listings could only mean the demand for digital assets in conventional markets.
Growing Push for XRP ETF By Asset Managers
Aside from the Teucrium leveraged product approval, other major asset managers are also pushing for spot XRP ETF approvals.
In an earlier update, Franklin Templeton filed S-1 registration statement with the SEC for a potential XRP ETF. This follows its applications for Bitcoin and Solana ETFs. The move shows a serious interest in expanding crypto services to traditional investors.
Furthermore, speculation has also grown around BlackRock, especially after Ripple CEO Brad Garlinghouse commented that an XRP ETF makes sense for the community.
Though no official partnership has been confirmed, many in the crypto space expect more applications in the months ahead. This is even more likely with the Ripple and SEC lawsuit closure, paving the way for more interest.
XRP Futures in the Spotlight
Furthermore, the XRP futures product is gaining traction in the broader market.
As reported earlier, Coinbase Institutional has filed with the CFTC to self-certify XRP futures contracts via its derivatives arm. The contracts are set to launch on April 21, 2025. This filing process allows for a quicker path to market.
Meanwhile, Bitnomial, a digital asset derivatives exchange, has launched CFTC-regulated XRP futures in the U.S. This move comes after the SEC closed its appeal against Ripple, clearing regulatory hurdles.
Many experts believe the development marks another step in bringing XRP into mainstream, regulated markets.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
