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Is the 2x Leveraged XRP ETF the Hottest Thing in Crypto? You Won’t Believe What Happened Next!

BBG News

Hold onto your digital wallets, folks, because Teucrium Investment Advisors is shaking up the cryptocurrency world with the first-ever 2x leveraged XRP ETF! That’s right, we’re talking about a financial rollercoaster that could either make you rich or send you crying into your coffee. Welcome to XXRP, launching on the NYSE Arca this April 8th! 🎢💸

So, what’s the deal? Well, this ETF isn’t for the faint of heart. It promises to double XRP’s daily returns. That means if XRP jumps by 5%, XXRP could rocket up by 10%. But, let’s be real, if XRP crashes? You’re in for double the pain. The kind of pain that might make you rethink your life choices. 😬📉

XXRP: For Risk Takers Who Don’t Mind a Little Drama

If you’ve got a “high-risk, high-reward” mentality, XXRP could be your new best friend (or worst enemy). With a 1.85% management fee and an annual expense ratio to boot, this is the kind of investment that only the brave (or maybe a little reckless) will want to play with. Currently holding $2 million in assets, it’s kind of like that guy at the party who talks a big game but still owes you $20 from last week. 🙄

Teucrium’s CEO, Sal Gilbertie, is pretty confident about the fund’s future, pointing to strong investor interest in XRP. He’s also casually dropped hints about more crypto ETFs on the horizon. Oh, sure, Sal. We’ll just wait for the next big thing. 🧐

“If you’re feeling lucky and believe in XRP’s short-term price movements, this could be your chance to cash in,” said Gilbertie. Yeah, or it could be your chance to lose everything, but hey, no pressure. 😅

Now, about the timing. The ETF is launching amidst a market downturn, thanks to U.S. President Donald Trump’s lovely tariff policies. Because nothing screams “perfect timing” like launching a high-stakes financial product when the market is already stumbling. Thanks, Trump! 🙄

75% Odds of XRP ETF Approval in 2025? No Biggie

While XXRP is causing a ruckus, analysts are still obsessing over whether a spot XRP ETF will ever see the light of day. Several heavy-hitting asset managers like WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton are all eagerly waiting for SEC approval. Can’t imagine how stressed they are… 😬

Bloomberg’s ETF guru, Eric Balchunas, pointed out that launching a leveraged product before a spot ETF is pretty unheard of. But despite the weird timing, he’s still betting that the chances of a spot XRP ETF getting the green light by 2025 are looking pretty solid. We’re talking a 65% chance, with Polymarket giving it a 75% chance. Fingers crossed? 🤞

XRP Price Jumps Like It’s Had One Too Many Espresso Shots

And just like that, XRP’s price jumps 6%, reaching $1.90, because who doesn’t love a good price pump after big news? Technical analysis shows XRP found support at $1.65, and now, it’s off to the races. If XRP manages to bust through the $1.95–$2.00 resistance, we could be looking at a juicy surge to $2.60. However, if it doesn’t break that $2 barrier? Well, it might just revisit $1.69. It’s a nail-biting cliffhanger, folks. ⏳

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2025-04-08 14:52

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