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XRP climbs 7% as first leveraged ETF set to launch on NYSE – TON BOT

XRP climbs 7% as first leveraged ETF set to launch on NYSE

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The NYSE has approved listing a new XRP-based ETF, the Teucrium 2x Long Daily XRP ETF (XXRP), set to launch on April 8. XXRP aims to deliver double the daily performance of XRP using swap contracts. The approval drove XRP’s price up by 7%, reaching $1.87. This comes as no spot or futures XRP ETF is available in the US market, with XXRP being the first leveraged ETF tied to a digital asset. The SEC has acknowledged filings for a spot XRP ETF, hinting at potential approval in the future. Ripple’s settlement with the SEC may pave the way for broader acceptance of XRP-based investment vehicles in traditional finance.

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