XRP’s price struggles, Wall Street is betting big on its future. The Teucrium 2x Long Daily XRP ETF (XXRP), launched in April, has surpassed 106millioninassets∗∗—with∗∗106millioninassets∗∗—with∗∗30.4 million added last week alone, its strongest inflow yet.
Key Takeaways
Record Demand: XXRP’s inflows outpace Ethereum spot ETFs (2.5BsinceSept.)and∗∗2XSolanaETF(SOLT)∗∗(2.5BsinceSept.)and∗∗2XSolanaETF(SOLT)∗∗(30M).
JPMorgan’s Bullish Outlook: Predicts XRP & Solana ETFs could draw $15B in first year, with XRP leading.
June Catalyst: The SEC’s decision on Franklin Templeton’s XRP ETF—likely delayed, but 83% approval odds in 2024 (per Polymarket).
Why Is XXRP Gaining Traction?
- Leveraged Exposure: Offers 2x daily XRP returns—up 58% since launch vs. XRP’s 15%.
- Institutional Interest: Signals growing Wall Street confidence in XRP’s long-term potential.
- Higher Fees (1.89%): More expensive than future spot ETFs (expected <0.50%), yet demand remains strong.
XRP Price vs. ETF Performance
- Short-Term Dip: XXRP fell ~3% Friday as XRP dropped 1.5%.
- Long-Term Potential: Leveraged ETFs can outperform (e.g., ProShares’ Nasdaq ETF +270% vs. NDX’s +130% in 5 years).
What’s Next?
SEC’s XRP ETF Decision: A spot ETF approval (expected by Oct. 15) could supercharge momentum.
Market Watch: If XXRP inflows continue, it may pressure regulators to fast-track more crypto ETFs.
