The first leveraged XRP ETF in America surpassed 300 million USD in net cash flow.

robot
Abstract generation in progress

Teucrium 2x Long Daily XRP ETF (XXRP) has recorded a net inflow of 323.6 million USD over the past week, becoming the first XRP ETF in America to surpass the 300 million USD mark.

XRP currently accounts for 52.5% of the total 616 million USD of net inflows from XRP ETFs in America, even though all are based on derivatives, as the SEC has yet to approve spot products.

Last week, XRP ETPs attracted 189 million USD, of which XXRP accounted for 73.4 million USD — an increase of 22.7% compared to the previous week.

This ETF was launched on April 8 and currently leads 4 XRP funds trading in America, including Volatility Shares' XRPI and XRPT, as well as ProShares' UXRP.

The total global capital flow into XRP products currently reaches 721 million USD, still lower than the 844 million USD of Solana ETPs.

XRP3.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)