Tariff-Fueled Volatility Draws Traders to First U.S. XRP ETF
The tariff-fueled market volatility has stalled stock-market debuts and delayed bond sales, but an exchange-traded-fund launch forged ahead on Tuesday.
Asset manager Teucrium launched the Teucrium 2x Long Daily XRP ETF, which aims to double the daily return of the Ripple-linked token. On its first trading day, more than 215,000 shares of the fund, which trades under the ticker XXRP, changed hands.
Sal Gilbertie, chief executive of Teucrium, said the leveraged fund is a short-term trading product that thrives in volatile markets. While he didn't plan on volatility, Tuesday's market swings have helped draw attention to the ETF, he said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 hours ago
- Yahoo
Ondo Finance Debuts $693M Treasury Token on XRP Ledger Amid Soaring RWA Trend
Tokenization platform Ondo Finance ONDO has debuted its flagship U.S. treasury-backed token on XRP Ledger (XRPL), giving institutional investors new tools to manage cash on the blockchain. Qualified purchasers can mint and redeem Ondo Short-Term U.S. Government Treasuries (OUSG) tokens around the clock using Ripple's U.S. dollar stablecoin RLUSD, the press release said. Initial supply of the token on XRPL is $30 million to ensure liquidity, the firms said. "This integration strengthens our commitment to providing reliable and composable infrastructure at the intersection of traditional finance and DeFi," Ian De Bode, chief strategy officer at Ondo Finance, said in a statement. The expansion follows Ondo's announcement in January, targeting to go live in six months, CoinDesk reported then. Tokenized Treasuries have spearheaded the rapidly growing real-world asset trend, which is bringing traditional financial instruments like bonds, funds and real estate onto blockchain rails. The market value of tokenized U.S. Treasuries mushroomed to $7.2 billion, up from $1.7 billion a year ago, according to These products allow investors to park idle cash without leaving blockchain rails to earn a steady yield that's independent from crypto markets, similar to a money market fund. Increasingly, they are also used as reserve assets for decentralized finance (DeFi) protocols and as collateral in trading and asset management. OUSG with $693 million supply is the third largest of its kind following BlackRock's BUIDL and Franklin Templeton's BENJI, per data. The new offering also fits into XRP Ledger's growing ambition to position itself as a hub for tokenized assets. This week, Guggenheim Treasury Services said it will issue Digital Commercial Paper on the network, while Dubai announced last month a tokenized real estate platform developed on XRPL as part of its $16 billion property tokenization in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 hours ago
- Yahoo
VivoPower to Deploy $100M in XRP on Flare, Add Ripple USD for Treasury Operations
VivoPower International (VVPW), the Nasdaq-listed company transitioning into a digital asset treasury play, has plans to put $100 million worth of XRP XRP tokens to work. The firm announced Wednesday it has partnered with layer-1 blockchain Flare FLR to deploy $100 million XRP to generate yield on its treasury holdings. The initiative marks the first large-scale use of Flare's FAssets system, which enables non-smart contract tokens like XRP to interact with decentralized finance (DeFi) protocols, the press release said. VivoPower plans to generate yield through Flare-native protocols such as Firelight and reinvest the income to expand its XRP holdings. The company said it will also adopt payment firm Ripple's RLUSD stablecoin as its cash-equivalent reserve. "It's no longer enough to simply hold XRP; the duty to our shareholders is to make it productive," CEO and executive chairman Kevin Chin said in a statement. "Adopting Ripple's RLUSD is a cornerstone of this strategy, providing the stability and compliance this next-generation treasury demands." For Flare, the deal is a milestone of institutional validation, Flare co-founder Hugo Philion pointed out. "Our FAssets system [...] is more than just a bridge; it's a gateway that allows institutions to bring assets like XRP into programmable DeFi environments to generate yield, all while retaining their fundamental security," he said. VivoPower is part of the growing roster of public firms raising money to purchase and add digital assets to their treasuries, a playbook popularized by Michael Saylor's Strategy (MSTR) that has become the largest corporate holder of bitcoin BTC. The firm's latest move comes shortly after tapping BitGo's over-the-counter trading desk for acquiring an initial $100 million trench of XRP tokens. VivoPower last month said that it entered into an agreement for a $121 million private share placement, with the fundraising led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, chairman of Eleventh Holding Company, according to a SEC filing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 hours ago
- Yahoo
XRP Consolidates Near $2.28 Amid Slew of Wins for Ripple, XRPL
XRP XRP traded in a narrow range over the past 24 hours, consolidating between $2.27 and $2.32 as global trade tensions and diverging central bank policies weighed on investor sentiment. The digital asset demonstrated resilience amid broader market volatility, with strong buying interest emerging at key support levels. News Background Ripple's regulatory wins in Dubai and progress on stablecoin initiatives, such as RLUSD, provide a fundamental tailwind, though traders remain wary amid volatile global conditions. Ondo Finance's Ondo Short-Term U.S. Government Treasuries (OUSG) is now live on the XRP Ledger (XRPL), expanding institutional access to the institutional-grade RWA product onchain. Digital Commercial Paper (DCP), secured by U.S. Treasuries, is now live on the XRP Ledger, enhancing efficiency and accessibility. Administered by Guggenheim Treasury Services, DCP is tokenized and managed through the Zeconomy platform, offering custom maturities up to 397 days. Price Action XRP's price fluctuated between $2.264 and $2.319, representing a 2.37% range that highlights ongoing uncertainty. The token established a high-volume support zone at $2.273-$2.280, where buyers consistently emerged, stabilizing price action despite repeated tests of lower levels. Resistance formed at $2.315, where price rejections occurred during the 11th and 22nd hours, accompanied by above-average volume. In the final hour of trading, XRP experienced a sharp 2.17% decline at 01:55, dropping from $2.285 to $2.280. However, substantial buying volume of 3.9 million units emerged, reinforcing the $2.280 floor. The 01:32 candle showed the highest volume of the session at 1.8 million, confirming buyer interest at lower levels. An ascending support trendline suggests short-term stabilization, with traders eyeing potential breakout scenarios if resistance at $2.315 can be breached. Technical Analysis Recap XRP traded between $2.264 and $2.319, a 2.37% range. High-volume support zone established at $2.273-$2.280, with consistent buyer interest. Resistance formed at $2.315, with multiple price rejections and above-average volume. XRP closed at $2.284, signaling consolidation near the middle of the range. Sharp 2.17% decline at 01:55 (from $2.285 to $2.280) on increased volume. Highest volume observed at 01:32 (1.8M), confirming buyer support at lower levels. Ascending support trendline suggests short-term stabilization and potential breakout if resistance is in to access your portfolio
