Latest news with #Teucrium
Yahoo
23-05-2025
- Business
- Yahoo
First U.S. XRP Futures ETF Begins Trading on Nasdaq
The first-ever U.S.-based exchange-traded fund (ETF) tracking XRP futures on a one-to-one basis started trading on the Nasdaq exchange on Thursday. The Volatility Shares XRP ETF (XRPI) has a gross expense ratio of 1.15% and a net expense ratio after fee waivers of 0.94%. The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked ETPs, according to a prospectus. Volatility Shares also plans to also launch a leveraged 2x XRP futures ETF where it would join the Teucrium (XXRP), which opened for business in April.. XXRP has so far pulled in $121 million in assets-under-management, which Bloomberg senior ETF analyst Eric Balchunased characterized as a 'good signal that there will be demand' for XRPI.
Yahoo
23-05-2025
- Business
- Yahoo
New XRP futures ETFs debut as Ripple-SEC case meanders
Volatility Shares launched XRP futures exchange-traded funds (ETFs) on Nasdaq on May 22. The XRP futures ETF is a type of financial instrument that trades on traditional stock exchanges and provides exposure to the futures contracts of XRP, instead of the cryptocurrency itself. A futures contract is a legal agreement to trade a particular asset at a predetermined price in the future. Volatility Shares Trust XRP ETF (XRPI) is the first-ever futures ETF linked to XRP. On its debut on May 22, the fund opened at $15.88 and closed at $15.81. The ETF issuer also launched the Volatility Shares Trust XRP 2X ETF (XRPT) on the same day. The 2x XRP futures ETF offers twice the daily price appreciation of XRP through twice leveraged exposure to XRP futures. It opened at $15.46 and closed at $15.41 on its debut. Other futures ETFs tied to XRP should also be looked at. Teucrium Investment Advisors' 2x XRP futures ETF (XXRP), already launched on Apr. 8, opened at $37 and closed at $36.80 on May 22. The launches of these futures ETFs tied to XRP in such a flurry have ignited hopes that the nine XRP-tied spot ETFs will also soon debut in the market. However, the Securities and Exchange Commission (SEC) is yet to take any action on these applications. Besides, the SEC's legal case with Ripple reached a shocking dead end recently as the court denied their joint settlement motion on May 15. With a market cap of $142 billion, XRP is the fourth-largest cryptocurrency in the world. XRP was trading at $2.42 at press time, up 12% over a day. New XRP futures ETFs debut as Ripple-SEC case meanders first appeared on TheStreet on May 22, 2025 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
Int'l Business Times
28-04-2025
- Business
- Int'l Business Times
ProShares To Launch $XRP ETFs This Week – They're Not Spot, But Token Price Pumps
Gold round physical XRP coin on a person's hand Kanchanara/Unsplash The SEC tacitly approved the funds over the weekend, triggering talks within the $XRP community Spot ETFs hold real $XRP, while futures only bet on the token's price action $XRP is up 4.7% in the day, seemingly reacting positively to the news The U.S. Securities and Exchange Commission (SEC) has approved the public launch date of ProShares' new XRP futures exchange-traded funds (ETFs) this week, joining Teucrium after the Vermont-based asset manager launched the first XRP ETF in the U.S. market earlier this month. The tacit approval was made over the weekend, allowing ProShares, an ETF issuer, to launch its ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF on April 30, Wednesday. This comes after Teucrium's CEO explained why the company opted to launch an XRP ETF, saying the XRP Ledger's native token has the highest "utility" potential in the future. Journalist Calls Out 'Rude' Members of $XRP Army While the XRP Army celebrates the big news, there appears to be confusion among some crypto holders regarding the approved funds. A crypto journalist said she was being questioned on her direct messages over the ProShares ETFs. She clarified that the approval was for futures ETFs, not spot ETFs amid continuing questions from some XRP users. "And for all the people saying 'oh but it didn't say spot' – I had about 20 DMs asking me if this was about the spot ETF approval. Getting really sick of all the rude keyboard warriors in this community," she said. John Squire, a well-followed crypto influencer who also promotes the XRP token, also reiterated that ProShares' new trust funds are futures, not spots. He also explained the difference between the two products. 🔥 The SEC just approved an $XRP ETF 🔥But it's not what many people not a Spot a Futures difference?A Spot ETF buys and holds real XRP, creating real demand. A Futures ETF only bets on XRP's price without touching a single real token. What… — John Squire (@TheCryptoSquire) April 27, 2025 "A spot ETF buys and holds real XRP, creating real demand. A futures ETF only bets on XRP's price without touching a single real token," he wrote. He went on to note that while it is a major milestone for the XRP coin and the community as it "increases XRP's legitimacy," it is also not a trigger for broader adoption, nor will it actually have a huge impact on the cryptocurrency's price. $XRP Pumps on News While Squire was careful to note that spot approvals will have a much bigger impact on the XRP coin, which once toppled Ethereum as the world's second-largest crypto asset by market cap, the news did have an effect on the token's price. CoinGecko data showed that the digital coin is up 4.7% in the day, despite a broader downturn in the crypto market over the weekend. $XRP price early April 28, 2025 CoinGecko It is unclear if the ProShares XRP ETF approval is the main reason for the price spike, especially with hopes rising for positive news around Trump's trade war soon. Still, XRP is on a roll compared to other products around crypto ETFs. It also has the most number of applicants for ETF products. © Copyright IBTimes 2024. All rights reserved.
Business Mayor
25-04-2025
- Business
- Business Mayor
XRP tops Bitcoin in ‘utility,' CEO declares – Here's why
XRP would have more use cases than BTC, per asset manager Teucrium's CEO. XRP Ledger activity slowed in 2025 and was yet to bounce back decisively. Teucrium CEO Sal Gilbertie championed Ripple's XRP as a better 'utility' play than Bitcoin [BTC]. In a Bloomberg interview, he said, 'We believe XRP will have the most utility out there. Bitcoin is a store of value, but I think XRP has a true use case and Ripple will make this work.' This followed just days after the $345 million asset manager launched a 2x Long Daily XRP ETF (XXRP). According to Bloomberg ETF analyst Eric Balchunas, the product defied weak market conditions and posted massive inflows. It hit $40 million in net assets and is the first leveraged U.S. XRP ETF. Exploring XRP's utility play That said, Gilbertie's statement mirrored an outlook by Standard Chartered earlier this month. StanChart's head of digital assets, Geoff Kendricks, projected that XRP could explode 600% to $12.5 in the next three years. Kendricks noted that XRP was 'uniquely positioned' for the cross-border payments use case. Ripple recently acquired Hidden Road, a prime broker, that would leverage XRP and its stablecoin, RLUSD, as part of its long-term vision in cross-border payment and trade settlements. But Kendricks' $12.5 XRP price target appeared conservative. According to Sistine Research, the altcoin could hit $33-$50 by 2027 — a potential 1500%-2500% price rally. The crypto research firm highlighted that XRP price action mirrored the breakout after the consolidation in 2014-2017. If completed, the pattern formation could send XRP above $30 in two years. That said, the XRP Ledger address activity slowed in 2025 and was yet to recover fully. Simply put, XRP's potential strong price recovery could be delayed unless the network traction gains momentum. On the daily price chart, XRP hit a new April high of $2.3 but stalled and retraced to a previous bearish bullish order block (OB) at $2.1. The rally could be extended in the short term if bulls defended the level as support and RSI stayed above the 50 mark. Otherwise, short sellers could drag it below $2 again.
Globe and Mail
24-04-2025
- Business
- Globe and Mail
Can Grain and Oilseed Prices Higher?
I concluded my Q1 Barchart analysis of the grain and oilseed futures markets with the following: As the grain and oilseed sector heads into Q2, the 2025 crop year begins with the planting season. The weather across the fertile plains in the U.S. and other growing regions will determine the path of least resistance of prices over the coming months during the planting and critical growing seasons. I favor the upside in grain and oilseed prices because of the current low price levels. However, another year of bumper crops that satisfy worldwide requirements could send prices lower. Meanwhile, low prices tend to cure those low prices in commodity markets. Risk-reward dynamics favor the upside for prices after the bearish price action since the 2022 highs. The current risk-off action caused by tariffs could impact grain and oilseed, and all agricultural commodity prices over the coming days, weeks, and months. Corn, soybean, and CBOT wheat futures have increased since March 31, 2025, but they are not running away on the upside. The April WASDE was not bearish I contacted Jake Hanley at the Teucrium family of agricultural commodity ETF products for his opinion about the USDA's April 10 World Agricultural Supply and Demand Estimates Report. Jake told me: Grains overall have been holding up relatively well amid the chaos in outside markets. We've seen this movie before. The Teucrium Agricultural Fund Index is 8 for 8, outperforming the S&P 500 in every stock market correction going back to 2012. There is not necessarily a bullish story in grain markets, but rather at current levels most of the bearish news appears to be priced in. It's a good reminder that sometimes to outperform simply means to lose less. As it relates to the WASDE, the trade of the day goes to corn. The market has been waiting for the USDA to revise exports higher and today we got what we were waiting for. 100 million bushel increase to exports when combined with some other adjustments brought '24-'25 US ending stock projections down to 1.465 billion bushels. The U.S. corn stocks-to-use ratio now sits at 9.6%—a psychologically significant level that reinforces a bullish setup. Although expectations for a record corn crop this upcoming season remain high, the market is working off a much tighter beginning stocks number than anticipated just six months ago. Globally, the corn balance sheet also tightened. Ending stocks came in at 287.7 million metric tons, just below the average analyst estimate of 288 million. The global stocks-to-use ratio now stands near 23%, down from 25% last year and below the 26% range held since the pandemic. This signals a fundamentally bullish shift toward tighter global supplies. It was a rather friendly report for soybeans too. US ending stocks came in below the average analyst guess and at 375 million bushels are 7 million bushels lower compared to the March WASDE. US farmers are expected to reduce the number of soybean acres planted this year by 3.7 million acres. Plugging in the USDA's earliest forecast from the February Ag Outlook forum and plugging planted acres (83.5 million) and beginning stocks (375 million bushels) we're staring at a potential stocks/use for the '25-'26 crop of 6%. That assumes a record yield! For reference the last time we saw a stocks/use below 7% soybean futures were trading north of $12 per bushel. However, the global balance sheet presents a stiff headwind. The global stocks/use ratio is around 30%. It's likely that we would need to see the global stocks/use below 28% to even give beans a chance at taking on $12. The 2024/25 U.S. wheat outlook shows larger supplies, slightly reduced domestic use, lower exports, and higher ending stocks. Imports are raised by 10 million bushels to 150 million—the highest since 2017/18. Domestic use is trimmed 2 million bushels on reduced seed use, and exports are cut by 15 million to 820 million. Ending stocks rise to 846 million bushels, slightly above the average analyst estimate of 826 million. The domestic stocks-to-use ratio climbs to 42.9%, the highest in three years— the U.S. has plenty of wheat. Globally, the balance sheet continues its tightening trend. Ending stocks were reported at 260.7 million metric tons, just above the 260.4 million average trade guess. That puts the global stocks-to-use ratio around 32%, above the key 30% psychological level but still trending lower for the fourth time in five years—a long-term bullish signal, though not yet likely to ignite significant buying interest near-term. Grain and oilseed prices have moved mostly higher since the end of March. The full text of the April WASDE report is available through this link. Corn rallies CBOT corn for May delivery settled at $4.5725 per bushel on March 31, 2025. The daily chart shows the 3.23% gain to $4.7200 on April 23. U.S. and global corn stocks declined in the April WASDE report, supporting the coarse grain's price. Soybeans edge higher Nearby May CBOT soybean futures closed at $10.1475 per bushel on March 31, 2025. The daily soybean futures chart for May delivery shows a marginal 2.51% gain to $10.4025 per bushel on April 23. U.S. soybean inventories fell in the April WASDE report, while global stocks increased slightly. Wheat is slightly lower but has made higher lows CBOT soft red winter wheat futures settled at the $5.37 per bushel level on March 31, 2025. The daily CBOT May wheat futures chart shows the marginal 1.63% decline to $5.2825 per bushel on April 23. According to the April WASDE Report, U.S. wheat stocks increased, while global supplies are 3% below the previous year and at the lowest level since 2015/2016. The outlook for the 2025 crop year Corn, soybean, and wheat futures have made higher lows and higher highs since March, and have moved into short-term bullish trends, which is no surprise in April 2025. The prices are low, compared to the levels reached in 2022, when CBOT wheat rose to a record high, and corn and beans rallied to the highest prices since 2012. The grain and oilseed markets are in the heart of the planting season in mid-April. The weather conditions over the 2025 growing season will determine the crops and the path of least resistance of prices. The growing worldwide population means that each year's supplies must rise to keep pace with the increasing demand. Meanwhile, U.S. tariffs are trade barriers that will create a surplus in some regions and potential shortages in others, impacting prices. The bottom line is that the weather and tariffs can potentially move the soybean, corn, and wheat prices over the coming months. The current price levels could limit the downside potential, while the upside could become explosive if any surprises impact supplies. The most direct routes for risk positions in the grain and oilseed markets are the futures and futures options on the CME's CBOT division. The Teucrium family of agricultural ETFs offers CORN, SOYB, and WEAT ETFs that track the price of three actively traded futures contracts, excluding the nearby contracts to minimize roll risks. The Teucrium products tend to underperform the nearby futures on the upside, as most speculative activity occurs in the front-month futures. The ETFs often outperform on the downside for the same reason. As the grain and oilseed markets move from the planting to the growing season, we will better understand the 2025 crop levels that will determine the path of least resistance of prices.
