XRP Futures ETF Skips Rope with Volume Spike as Price Hits Four-Month High!

by

Well now, it would appear that the good folks have taken quite the shine to XRP-based financial contraptions, particularly the Teucrium 2x Long Daily XRP ETF (XXRP), which has recently donned its Sunday best and strutted around with a remarkable increase in trading activity.

This here leveraged exchange-traded contraption uses swap agreements to try and deliver double the daily performance of XRP, almost like a two-headed coin for traders who are betting their hats on short-term price shenanigans.

Hold onto your wallets! XRP Leveraged ETF Amasses $249 Million!

On that fateful day of June 11, one Eric Balchunas, a sage of Bloomberg ETF analysis, declared that this fund was trading at a good four to five times its usual bustle. 🤑

He noted a spurt in activity of 27% within a mere 24 hours, and a staggering 55% over the past week! Such excitement has helped push the poor beleaguered product’s cumulative volume to a ripe old number of roughly $120 million.

Now, if we take a gander at Data from Yahoo Finance, we see that this ruckus in trading has led to some fine price appreciation, with XXRP vaulting up to a high of $42—a robust 56% increase from its little baby launch value.

As it stands, Teucrium’s fancy leveraged XRP fund is sitting pretty with around $249 million in total net assets, a clear sign that investors are itching to toss their coins into this merry dance. 💰

Meanwhile, market seers are whispering that XXRP’s jolly performance might just be riding the coattails of an impressive rally in XRP’s spot price.

Over the past week, that little rascal has climbed over 24% to hit a lofty $2.97—standing tall as its highest level in four months—only to take a breather at $2.76 just as we’re penning this down.

On-chain data, that mystifying oracle of the blockchain, reveals that this impressive price ride is accompanied by a frenzy of network activity.

According to the fine folks at Santiment, there’s been a proper spike in new XRP wallets popping up like daisies, suggesting that fresh investors are tiptoeing into this garden. 🌼

At the same time, the chatter about this asset has kicked up a storm on social media, adding to the rising tide of optimism.

This newfound momentum in both the ETF and the asset itself has ignited discussions about the charming possibility of a spot XRP ETF coming to be.

Analysts are pointing to the success of XXRP like it’s a shiny new penny, claiming it as proof of bubbling demand for regulated exposure to the whims of XRP’s price.

According to the crystal ball at Polymarket, the likelihood of a spot XRP ETF approval this year is sitting at a comfortable 88%. And if Bloomberg’s numbers fruitfully unfold, those chances might just nudge up to 95%! 🍀

Read More

2025-07-12 18:21