Latest news with #Ripple-linked
Wall Street Journal
11-04-2025
- Business
- Wall Street Journal
Bitcoin Jumps Above $82,000 After Trump Announcement
Bitcoin jumped above $82,000, mirroring a broad-based stock-market rally after President Trump announced a 90-day pause on reciprocal tariffs. The largest cryptocurrency stood at $82,290 as of 4 p.m. ET, after hitting its lowest levels since just after President Trump's election victory. Smaller digital currencies including ether, solana and Ripple-linked XRP posted double-digit gains. Ether, the second-largest cryptocurrency, recently traded at around $1,650.
Wall Street Journal
09-04-2025
- Business
- Wall Street Journal
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.
