Latest news with #Teucrium2xLongDailyXRP
Int'l Business Times
24-04-2025
- Business
- Int'l Business Times
Teucrium CEO Praises $XRP Army, Says Altcoin Has 'True Use Case'
Gilbertie said the $XRP Army members are a "rightfully" a dedicated community He also criticized the Gensler SEC, calling it a "blocker" of new financial products He said Teucrium believes $XRP has much promise as a utility token XRP has been one of the most trending altcoins in recent months following Donald Trump's presidential victory and the succeeding applications for XRP exchange-traded funds (ETFs) that followed. According to Teucrium CEO Sal Gilbertie, the XRP Army has had a role to play in the positive developments. In a Wednesday interview with Bloomberg TV, Gilbertie, who leads the Vermont-based investment adviser, lauded the XRP community's dedication and also talked about his expectations around the company's new offering, the Teucrium 2x Long Daily XRP ETF. $XRP Army: A dedicated "cult" When asked about who the new XRP ETF is for, Gilbertie was quick to say it's for the XRP community, dubbed as the XRP Army on X. "I think the XRP community, they really are a bit of a cult. They are dedicated people, and rightfully so," he said of one of the most active crypto communities in the space over the years. Explaining further on Teucrium's reasoning for launching an XRP ETF, he noted that there was "pent-up demand to tap into XRP in a more traditional, Wall Street wrapper." He also noted how the product was designed for traders who have a short-term view of the crypto asset's price movement, primarily those who have a "one day view." He went on to say that he expects a mix of institutional and retail investors adopting the token, but he expects that "sophisticated" traders will be interested in the product. Gilbertie blasts old SEC Aside from highlighting the dedication of the XRP community, Gilbertie also criticized the previous leadership at the U.S. Securities and Exchange Commission (SEC), calling the regulator under former SEC Chair Gary Gensler a "blocker." "They acted literally as a blocker. The leadership in the SEC worked against the crypto industry," he said. He did acknowledge the new leadership's openness to testing new products. "The staff is really wonderful at the SEC," he said, adding how the new administration under then Acting Chair Mark Uyeda approved the fund swiftly because Teucrium "followed the rules." "It's the leadership that matters," he said, explaining further how the new SEC who now has its official Chair Paul Atkins at the helm, knew when to raise issues regarding Teucrium's requests but also knew when to accept the investment adviser's reciprocal pushback. Teucrium believes in $XRP's potential Gilbertie also discussed how Teucrium views the XRP token, which was the native cryptocurrency of the XRP Ledger. The company doesn't want to make any price predictions, but it does believe that XRP "is a coin that will have the most utility out there," and it has "a true use case." When the CEO of Teucrium says $XRP has real utility and calls it the coin with the most use don't argue. You just listen.
Yahoo
15-04-2025
- Business
- Yahoo
Is This Latest Catalyst for XRP a New Reason to Buy It?
XRP (CRYPTO: XRP) is no stranger to catalysts big and small, as its holders know. And it just got another one that could imply good times ahead. But does this new development materially change its upside for investors, or is it a drop in the bucket? Let's check out what just happened and answer that question. On April 8, Teucrium Investment Advisors, an asset manager, introduced an exchange-traded fund (ETF) that offers investors leveraged exposure to XRP, a crypto designed to facilitate money transfers. That fund, the Teucrium 2x Long Daily XRP ETF, should not be confused with the ETFs currently under consideration by the Securities and Exchange Commission (SEC), which are not yet approved, and which offer investors spot exposure that's similar to holding the coin directly in their own wallet. This new ETF implies several things for XRP's merits as an investment. First, the new fund is notable because it suggests that there is demand for tools that let investors in traditional financial sectors get exposure to more-speculative and more-volatile formulations of XRP. Teucrium wouldn't be providing the fund otherwise. More importantly, the fund is a path for investors to still buy the coin even if they aren't willing to engage with the cryptocurrency sector using its native technology. So it could attract new capital that wouldn't otherwise be invested into XRP directly. Another factor is that there will be some added demand for XRP from Teucrium, assuming its ETF gains traction, because the manager needs to back the fund by holding the coin. That should result in a negligible increase to the coin's price over time. When paired with the future approval of other ETFs from other (and larger) asset managers, the total impact could be moderately positive. Lastly, the ETF is a vote of confidence that XRP isn't going away. Although XRP wasn't exactly in need of such a vote from an asset manager before, given that it's among the largest of cryptocurrencies, it's another point in favor of the idea that XRP already has social proof and widespread acceptance, which makes it incrementally less risky than before. There aren't any real downsides to the new ETF hitting the scene, at least not for those who hold XRP directly. So overall, it's a modestly bullish development. You don't need to go out and buy shares of this ETF if you already hold XRP. The fact that it's leveraged makes it inherently a bit too risky for most investors, not to mention being a much higher-maintenance asset in comparison to just buying and holding the coin itself. There simply isn't much reason to dabble here. Furthermore, the new ETF isn't a valid reason to go out and buy more XRP than you're comfortable with holding. Any price increases stemming from the new ETF will take some time to unfold, and you probably won't notice them if the other ETF-related catalysts occur, as those are likely to be much stronger. The fact that there aren't any new risks being introduced means this is a sweetener, but it doesn't change the fundamental investment thesis for buying XRP, nor does it reduce the coin's volatility or its exposure to other risks. Therefore, overall, if you don't do anything in response to the new fund, you're not going to be missing out on much. If you're already holding XRP and looking for an excuse to buy some more, there are still probably going to be better reasons coming along fairly soon. But there's no rule that says you can't take the opportunity today and then buy more later. Just remember that there's not much point in making an additional investment in the coin if you're going to sell it before a minor catalyst like the new ETF can exert its full impact over time. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $495,226!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $679,900!* Now, it's worth noting Stock Advisor's total average return is 796% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy. Is This Latest Catalyst for XRP a New Reason to Buy It? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
First XRP ETF in the U.S. to Go Live on Tuesday With Launch of Teucrium's Leveraged Fund
Teucrium Investment Advisors will debut the first-ever XRP exchange-traded fund (ETF) in the U.S. The Teucrium 2x Long Daily XRP ETF (XXRP) give investors a 2x leveraged exposure to the closely related Ripple token. XXRP will start trading on the NYSE Arca on Tuesday even before a standard "spot" XRP ETF has been approved by regulators. 'Very odd (maybe a first) that a new asset's first ETF is leveraged. Spot XRP still not approved, although our odds are pretty high,' Bloomberg Intelligence analyst Eric Balchunas said in an X post. Typically, ETFs tracking emerging assets like cryptocurrencies begin with unleveraged "spot" funds — those that directly hold the underlying asset — before more complex leveraged products are introduced. Teucrium will charge a management fee of 1.85%. The firm cautioned that XRP's price volatility and declining usage on the Ripple network could pose challenges to the fund's performance, reflecting broader concerns about the token's adoption and market stability. Teucrium's leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review. Major fund managers, including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton, have filed proposals to bring unleveraged XRP ETFs to market. The SEC has previously acknowledged these applications, and decisions expected in the coming months could pave the way for additional XRP investment options. XRP is up 6.5% in the past 24 hours, in line with a broader market move higher. CORRECT (April 8, 14:27 UTC): Adds dropped words in ETF's name in second paragraph.
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.
Yahoo
08-04-2025
- Business
- Yahoo
Crypto Daybook Americas: Bitcoin's Haven Claim Hit as U.S., China Face Off Over Tariffs
By James Van Straten and Omkar Godbole (All times ET unless indicated otherwise) One thing markets despise is uncertainty, and right now it's coming from all corners of the globe, largely fueled by Trump's tariffs. Markets rebounded somewhat on Tuesday following Monday's bloodbath in Asia and Europe, but it was more of a relief rally than a true recovery. At the heart of the conflict are the U.S. and China, both refusing to be the first to blink — even if it means prolonged uncertainty and pain for global markets. As markets took a breather from the turmoil, crypto skeptics were quick to point out how bitcoin's (BTC) safe haven narrative — bolstered by its resilience late last week — quickly unraveled on Monday when the price crashed to $75,000. While that's true, expecting the bitcoin price to remain unaffected was overly optimistic. During crises investors historically rush to cash, liquidating even traditional havens investments such as gold. Monday was no exception. Still, bitcoin has shown lower beta than U.S. equities since the tariff announcement. In the bigger picture, bitcoin is holding up fairly well. The Nasdaq is down over 22% from its all-time high, while bitcoin is off by 28%. In previous episodes — like the yen carry-trade unwind in August 2024 or the COVID crash in March 2020 — bitcoin suffered far deeper relative losses. Since the New York market closed on Wednesday, BTC has declined 8.4%, outperforming the S&P 500's 10% drop and the Nasdaq's 11% fall. 'What matters is that BTC's beta to broader risk assets appears meaningfully lower in this sell-off than in previous ones. This suggests a growing recognition of bitcoin's potential role as a non-sovereign store of value during periods of economic stress,' David Lawant, head of research at FalconX, said in an email. Monday's trading session also included an episode of 'short-term madness' driven by false reports about a 90-day tariff delay. The markets spiked and then promptly crashed back down after the reports were refuted. Stay alert! Crypto: April 8: Teucrium 2x Long Daily XRP ETF (XXRP) lists on NYSE Arca. April 9: The Mercury network upgrade gets applied to the Neutron (NTRN) mainnet, migrating it from Cosmos Hub's Interchain Security to a fully sovereign proof-of-stake network. April 9, 10 a.m.: U.S. House Financial Services Committee hearing on updating U.S. securities laws to take into account digital assets. Livestream link. April 10, 10:30 a.m.: Status conference for former Terraform Labs CEO Do Kwon at the U.S. District Court for the Southern District of New York. April 11, 1 p.m.: U.S. SEC Crypto Task Force Roundtable on "Tailoring Regulation for Crypto Trading" in Washington. Macro April 9, 12:01 a.m.: The Trump administration's higher individualized tariffs on imports from top U.S. trade deficit countries take effect. April 9, 8:00 a.m.: Mexico's Instituto Nacional de Estadística y Geografía (INEGI) releases March consumer price inflation data. Core Inflation Rate MoM Prev. 0.48% Core Inflation Rate YoY Prev. 3.65% Inflation Rate MoM Prev. 0.28% Inflation Rate YoY Prev. 3.77% April 9, 12:01 p.m.: China's 34% retaliatory tariffs on U.S. imports take effect. April 9, 2:00 p.m.: The Fed releases minutes of the FOMC meeting held March 18-19. April 9. 8, 9:30 p.m.: China's National Bureau of Statistics (NBS) releases March's Consumer Price Index (CPI) report. Inflation Rate MoM Prev. -0.2% Inflation Rate YoY Est. 0% vs. Prev. -0.7% PPI YoY Est. -2.3% vs. Prev. -2.2% April 10, 10:00 a.m.: U.S. Senate Banking Committee hearing on the nomination of Michelle Bowman as Federal Reserve Vice Chair for Supervision. Livestream link. April 14: Salvadoran President Nayib Bukele will join U.S. President Donald Trump at the White House for an official working visit. Earnings (Estimates based on FactSet data) No earnings scheduled. Governance votes & calls Uniswap DAO is discussing a proposal to support v4 expansion with the creation of ENS subdomains to track BSL license exemptions and official deployments, granting the Uniswap Foundation a blanket license to deploy v4 on target chains. Bancor DAO is discussing the expansion of its taker fee to 0.001% on stable-to-stable trades on Sei v2 to make Carbon DeFi more competitive. April 8, 12 p.m.: Lido to host a Lido Node Operator Community Call. April 10, 10 a.m.: Hedera to host a community call discussing the HBR Foundation joining ERC3643, the non-profit's standards, and the Header Asset Tokenization Studio. April 11, 3 p.m.: Zcash to host a town hall on lockbox distribution & governance. April 14, 10 a.m.: Stacks to host a livestream with recent announcements from the project. Unlocks April 8: Tensor (TNSR) to unlock 35.96% of its circulating supply worth $14.44 million. April 9: Movement (MOVE) to unlock 2.04% of its circulating supply worth $15.84 million. April 12: Aptos (APT) to unlock 1.87% of its circulating supply worth $51.01 million. April 12: Axie Infinity (AXS) to unlock 5.68% of its circulating supply worth $21.18 million. April 15: Starknet (STRK) to unlock 4.37% of its circulating supply worth $15.79 million. April 16: Arbitrum (ARB) to unlock 2.01% of its circulating supply worth $25.22 million. Token Listings April 8: Avalanche (AVAX) to be listed on April 9: IOST airdrop claims portal for a roughly 1.7 billion IOST token airdrop to open. April 10: Ren (REN), KonPay (KON), and Symbol (XYM) to be delisted from Bybit. April 22: Hyperlane to airdrop its HYPER tokens. CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 1 of 2: Digital Accord Summit 2025 (Paris) Day 1 of 3: Paris Blockchain Week April 8: Seine & Crypto Connect (Paris) April 9: Blockchain & Finance - Evolution or Revolution? (Paris) April 9: FinTech and Banking Unconference Colombia 2025 (Bogota) April 9-10: FIBE Fintech Festival Berlin 2025 April 9-10: Mexico Finance & Fintech Summit 2025 (Mexico City) April 9-10: Middle East Resilient Banking and Payments Symposium 2025 (Abu Dhabi) April 10: Bitcoin Educators Unconference (Nashville) April 10: FinXtex Malaysia 2025 (Kuala Lumpur) April 10: Institutional Crypto Conference (New York) April 10: SheFi Sumit 2025 (Seoul) April 10-11: BITE-CON 2025 Conference (Miami) April 10-11: 2025 Fintech and Financial Institutions Research Conference (Philadelphia) April 11-12: Strategy's OPNEXT Conference (Tysons, Va.) April 12: Ethereum Argentina (Córdoba) April 12-13: DeSci London 2025 By Shaurya Malwa Fartcoin (FART) jumped 30% to extend monthly gains over 130%. The absurdly-named token extended a multiday run the broader crypto market staged a relief rally, displaying signs of steady buying demand from traders. Speculators keep an eye on continual strength in memecoins, especially when they tend to buck market trends, because the tokens tend to jump higher after a sell-off in the market. This can create possible profit opportunities for short-term traders, with some eyeing a move higher for the token in coming weeks. FART, among some crypto circles, is a symbol of the absurd and a light-hearted rebellion against the grim financial forecasts. It holds no intrinsic value, but enjoys a cult following — possibly driving buying demand even as the market falls. Bitcoin CME futures basis is holding firm above an annualized 5% amid the macro turmoil. CME options skew, however, is showing bias for downside protection, or puts. Together, both metrics show cautious sentiment without signaling panic, according to Thomas Erdösi, head of product at CF Benchmarks. On Deribit, BTC and ETH put biases have moderated, but BTC implied volatility term structure remains in backwardation, indicating persistent fears of wild price swings in the short-term. In BTC options, the $70K put is now the most popular strike, boasting a notional open interest of $957 million. That's a 180-degree shift from the bias for $100K-$120K strike calls early this year. Most of the top 25 coins, excluding TRX, HBAR, LINK and DOT, have seen a drop in perpetual futures open interest in the past 24 hours. BTC is unchanged from 4 p.m. ET Monday at $78,894.34 (24hrs: +2.61%) ETH is down 0.32% at $1,514.40 (24hrs: +5.22%) CoinDesk 20 is up 0.8% at 2,268.01 (24hrs: +4.76%) Ether CESR Composite Staking Rate is up 77 bps at 3.69% BTC funding rate is at 0.0049% (5.3118% annualized) on Binance DXY is unchanged at 103.32 Gold is up 2.19% at $3015.9/oz Silver is up 1.9% at $30.07/oz Nikkei 225 closed +6.03% at 33,012.58 Hang Seng closed +1.51% at 20,127.68 FTSE is up 2.1% at 7,863.79 Euro Stoxx 50 is up 1.36% at 4,719.66 DJIA closed on Monday -0.91% at 37,965.60 S&P 500 closed -0.23% at 5,062.25 Nasdaq closed +0.1% at 15,603.26 S&P/TSX Composite Index closed -1.44% at 22,859.50 S&P 40 Latin America closed -2.94% at 2,227.14 U.S. 10-year Treasury rate is down 2 bps at 4.16% E-mini S&P 500 futures are down 1.58% at 5,178.00 E-mini Nasdaq-100 futures are up 1.35% at 17,799.50 E-mini Dow Jones Industrial Average Index futures are up 2% at 38,930.00 BTC Dominance: 63.46 (-0.11%) Ethereum to bitcoin ratio: 0.01980 (0.97%) Hashrate (seven-day moving average): 902 EH/s Hashprice (spot): $40.50 Total Fees: 6.59BTC / $510,645 CME Futures Open Interest: 137,695 BTC BTC priced in gold: 26.2 oz BTC vs gold market cap: 7.43% The chart shows monthly activity in the U.S. 10-year Treasury yield since the 1980s. While the crypto community is hoping for a return to the zero-yield era, the chart suggests otherwise, revealing a long-term bullish shift in rates. The trend change is evident from the key 50-, 100- and 200-month simple moving averages — which are aligned bullishly one above the other for the first time since the 1980s. Elevated rates might be the new normal. Strategy (MSTR): closed on Monday at $268.14 (-8.67%), up 1.47% at $272.09 in pre-market Coinbase Global (COIN): closed at $157.28 (-2.04%), up 1.72% at $159.98 Galaxy Digital Holdings (GLXY): closed at C$12.34 (-8.8%) MARA Holdings (MARA): closed at $11.26 (-0.35%), up 2.04% at $11.49 Riot Platforms (RIOT): closed at $7.11 (-0.42%), up 0.28% at $7.13 Core Scientific (CORZ): closed at $7.02 (-2.23%), up 1.85% at $7.15 CleanSpark (CLSK): closed at $7.43 (+1.5%), up 0.67% at $7.48 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.41 (+0.73%) Semler Scientific (SMLR): closed at $34.15 (0.89%), down 1.02% at $33.80 Exodus Movement (EXOD): closed at $41.84 (-6.25%), down 5.16% at $39.68 Spot BTC ETFs: Daily net flow: -$103.9 million Cumulative net flows: $36.07 billion Total BTC holdings ~ 1.11 million. Spot ETH ETFs Daily net flow: $0.0 Cumulative net flows: $2.38 billion Total ETH holdings ~ 3.37 million. Source: Farside Investors The chart by CryptoQuant shows daily net flow of BTC from wallets linked with miners. On Monday, these wallets registered a cumulative net outflow of 1,627 BTC, the most since Dec. 24. According to Bloomberg, the Trump tariffs have disrupted the bitcoin mining industry. China Offers First Hint of Devaluation With Weak Renminbi Fix (Financial Times): China set the yuan-dollar rate at its lowest level since September 2023 to counter mounting U.S. tariffs. Analysts say significant devaluation is unlikely. First XRP ETF in the U.S. to Go Live on Tuesday With Launch of Teucrium's Leveraged Fund (CoinDesk): The Teucrium 2x Long Daily XRP ETF lists on NYSE Arca with the ticker XXRP, giving exposure to XRP with 2x leverage. Management fee: 1.85%. Cboe Set to Debut New Bitcoin Futures With FTSE Russell (CoinDesk): Cboe Digital plans to introduce a cash-settled bitcoin futures contract April 28. WazirX Creditors Back Restructuring Plan to Payback $230M Hack Victims (CoinDesk): If approved by the Singapore High Court, the scheme will initiate payouts within 10 business days followed by phased resumptions of withdrawals and trading, subject to regulatory compliance. Russia's Medvedev Predicts More Countries Will Acquire Nuclear Weapons (Reuters): Russia's Security Council deputy chair said nuclear disarmament is no longer feasible, even if the Ukraine war ends. Trump Order Seeks to Tap Coal Power in Quest to Dominate AI (Bloomberg): Trump is set to sign an executive order directing two federal agencies to ease coal mining limits and label the fuel a critical mineral for national security. Sign in to access your portfolio
