Why The XXRP ETF Is Dominating: A $67M Ticking Time Bomb or Genius Gamble?
Lo, in the slippery, sinuous charade of modern money, a contraption has appeared: a freshly-hatched, two-headed hydra of a fund, daring to twist and contort the fate of a crypto whisp known as XRP. The Teucrium 2x Long Daily XRP ETF, that most unpronounceable of tickers—XXRP, redolent of a drunken game of Scrabble—has in four weeks metamorphosed from a proverbial pauper to a princely sum: $67 million in assets. From zero to hero, as the yokels say, with all the subtlety of a caviar-laden fist bump.
But, dear reader, do not tap your monocle in consternation just yet! Observe: While the XRPs of mundane men have lumbered up a mere 16.4% in the appointed span, our intrepid XXRP has thrashed, throbbed, and soared in a fit of leveraged ecstasy, gaining an audacious 26%. Take that, Ripple! One can almost hear the digital coins sulking in their wallets.
Now, to the farcical economics of it: acquiring XXRP demands the fortitude to pay a fee (1.89%, no less!) as pungent and persistent as gym socks at a tennis camp. XRP, meanwhile, can be purchased directly, free as the air (well, nearly—nothing, not even bad poetry, is really free). For comparison: the high-flying Direxion Daily Semiconductor Bull 3x Shares, a veritable Everest of expense, sniffs at a lowly 0.75%. The $22 billion ProShares UltraPro QQQ ETF? A dainty 0.84%, practically a rounding error. But XXRP charges $189 a year—for every $10,000, just for the privilege of being twice as unwise.
Strong institutional demand
And what of the great and greasy gears of institutional ambition? XXRP’s steady stream of cash, fees or no, betrays a hunger bordering on indecency. Nine—count them, nine!—other supplicants are slavering for the SEC’s blessing, with names like Bitwise, Canary, and the ineffable WisdomTree shuffling papers in anticipation. Even JPMorgan rattles its abacus, expecting over $8 billion to be funneled in—an avalanche that would make Ethereum’s glum $2.5 billion seem about as grand as last year’s leftovers.
For those easily bored, a parlor trick: XXRP will attempt, via arcane alchemy (read: “2x daily performance”), to double your thrills and your chills. Should XRP rocket, you’ll waltz on air. Should it plummet—and it often does, like a soufflé in a thunderstorm—XXRP holders may find themselves waltzing off a cliff.
Recall (or don’t, if it pains you) TQQQ and its inverse cousin SQQQ; while TQQQ fluttered up an improbable 261% in five years, SQQQ did its best Icarus impression and melted down 98%. XXRP, too, is a tightrope walk over a pit of sullen croco-dollars. Step lively and carry a very small safety net. 🚀😏
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2025-05-04 17:38