đ XRP ETF Trading Volume Skyrockets 500% as FOMO Fuels Price Surge
Wall Street's latest crypto crush just got hotterâXRP ETF volumes are exploding like a meme stock on Reddit hype.
The rush is on
Trading activity quintupled overnight as institutions and retail piled in, chasing the rally that's leaving slow-moving regulators in the dust. The SEC's favorite courtroom opponent is suddenly their biggest FOMO trigger.
Liquidity tsunami
Market makers are scrambling to keep spreads tight as the ETF's blistering performance makes gold ETFs look like savings accounts. Who needs yield when you've got 5x volume spikes?
Another day, another crypto product outshining its legacy finance counterpartsâwhile traditional asset managers still debate 'blockchain viability.' The future's here, it's just unevenly distributed.
- XRP ETF trading volume surged 5x, hitting $120M amid rising investor demand.
- Teucriumâs XRP fund soared to an all-time high of $42.05, marking a 56% gain.
- Speculation grows around a spot XRP ETF, with 88â95% odds of approval in 2025.
XRP finds itself once again back in the spotlight of growing investor interest as products related to the token witness an overnight increase in trading volumes. Foremost among them stands the Teucrium 2x Long Daily XRP ETF (symbol: XXRP), a 2x Leveraged exchange-traded fund.
It is designed to deliver twice the day-to-day movement of XRP by entering into swap agreements. The fund has gained rapid popularity among traders who want to take advantage of XRPâs day-to-day momentum and increasing market sentiment.
On 11th June, Bloomberg ETF analyst Eric Balchunas highlighted a notable spike in XXRP trading volume, which ROSE to four to five times its average daily volume. Trading rose by 27% within 24 hours and 55% week on week. These moves put the ETFâs combined volume up to just over $120 million, a considerable spike in investor interest.
As a result of this increased activity, XXRP has shown stunning appreciation. According to Yahoo Finance, the ETF has just reached an all-time high of $42.05, translating to 56% appreciation from its initial issue level. The total net assets under management have therefore increased to roughly $249 million, which is good news as far as further institutional and retail buying interest in XRPâs future goes.
The majority of this momentum has been driven by XRPâs very good spot market performance. The token has advanced by over 24% during the last week, reaching $2.97, its highest level since mid-May, before easing back to $2.72 today. The higher prices have come alongside an evident increase in network usage.
XRP ETF Growth Fuels Spot ETF Speculation
Blockchain analytics platform Santiment revealed a new spike in XRP wallets created, signaling new retail interest and new inflows into the XRP ecosystem. XRP, on its own, has been gaining popularity on cryptocurrency-based social networks, and this has helped to further stimulate bullish sentiments and encourage further interest in XRP-based products like XXRP.
The rapid increase in Teucriumâs leveraged ETF has also garnered fresh debates on initiating a spot XRP ETF. Market observers take XXRPâs success as an undeniable indication that investors are clamoring for regulated, exchange-listed products that are tied to the market movements of XRP.
They believe that the insatiable demand for a leveraged ETF just provides additional credibility on initiating a non-leveraged spot counterpart.
According to prediction site Polymarket, the odds that this year an ETF on spot XRP will receive approval stand at 88%. The odds are still greater, 95%, say analysts from Bloomberg.
As institutional demand keeps on rising, retail flows pick up further, and ETF trading volume hits new records, XRP appears to be building its foundation for its subsequent major milestone, mainstream adoption through a fully regulated spot ETF.
: This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.
