Investor Interest in Ripple Labs-Linked XRP Continues to Rise Following the Launch of the Teucrium 2x Long Daily XRP ETF

Current market data shows that investor interest in Ripple Labs-linked XRP continues to rise following the launch of the Teucrium 2x Long Daily XRP ETF.

Investor interest in Ripple Labs-linked XRP is continuing to rise following the launch of the Teucrium 2x Long Daily XRP ETF (NYSE:XRPL).

The fund has now recorded five straight days of inflows, which typically shows the steady demand for an investment product.

Teucrium XRP ETF Sees Strong First Week

After NYSE Arca approved the Teucrium ETF, the fund made a strong impression in its first week. On its debut day, it had a trading volume of $5,551,577 and closed at $23.37.

Activity climbed quickly on April 9, with volume jumping to $13,333,700 and the price increasing to $28.92. Trading stayed active throughout the week, and April 10 brought $8,876,879 in volume with a closing price of $27.07. On April 11, the ETF reached its highest price at $29.21, with $8,579,731 volume traded.

The volume on $XRPL is impressive, these are big numbers for Day Two-Four, esp for a 2x indie in a whack market. Child’s play vs bitcoin ETFs of course, but really strong, this thing is finding an audience quickly pic.twitter.com/IOUtQFW8bd

— Eric Balchunas (@EricBalchunas) April 11, 2025

The figures show that the rate of institutional-grade activity in the space is picking up.

It is also pertinent to add that the Teucrium ETF is the first to provide 2x daily leveraged exposure to XRP. Investors can use the product to make leveraged bullish bets on the crypto.

Moreover, the Teucrium ETF is the first to provide 2x daily leveraged exposure to XRP. Investors can use the product to make leveraged bullish bets on the crypto.

Announcing the approval of the Teucrium ETF in March, Arca said the product is designed to provide 2x the daily price movements of the underlying crypto. It is also fully disclosed and transparent.

Teucrium’s CEO said the XRP ETF was the company’s most successful launch to date and that the investors’ response was even better than they expected.

Essentially, the firm designed the ETF to reflect double the daily price movement of XRP. This setup appeals to investors seeking leveraged exposure. The steady rise in volume and price over five days suggests increasing interest from institutions to trade XRP in a regulated format.

XRP Futures and ETF Trends Gaining Momentum

The ETF’s strong start comes as more XRP investment options are emerging. On March 20, Bitnomial launched XRP futures, providing traders with a new avenue to gain exposure to the coin.

In another bullish development, the US SEC has now officially terminated its lawsuit against Ripple Labs Inc (NYSE:PYPL). This move removes a major obstacle for XRP and paves the way for new ETF applications.

It is crucial to note that asset managers are now anticipating possible approvals of XRP ETFs. This follows the SEC’s recent approval of options for spot Ethereum ETFs, showcasing the regulator’s new stance on cryptocurrencies.

Specifically, the regulator approved three applications from WisdomTree (NYSE:WTR), Invesco (NYSE:IVZ) and Counterpoint Global to list Ethereum futures ETFs.

Additionally, the SEC has extended the decision deadlines for seven other spot bitcoin ETF applications. Among the pending applications are those from Fidelity, ARK Invest and Cathie Wood, and Bitwise.

The SEC’s actions come amid increasing demand for crypto investment products. As of April 9, the Teucrium 2x Long Daily Bitcoin Strategy ETF (NYSE:MAGA) recorded its fourth day of net inflows, highlighting the sustained interest from investors in bitcoin-linked investment instruments.

News data source: kdj.com

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