$160M Inflows Power XRP Ahead of ETF Launch Set for July 18
XRP is at a crossroads as ProShares is set to launch its XRP ETF on July 18, coinciding with Crypto Week in Washington, D.C.
Quick overview
- ProShares is launching its XRP ETF on July 18, coinciding with Crypto Week in Washington, D.C.
- Institutional interest in XRP is rising, with Teucrium's leveraged ETF seeing $160 million in inflows and a 27% daily increase.
- Other asset managers, including Volatility Shares and Tuttle Capital, are preparing to launch their own XRP ETFs.
- Speculation suggests the SEC may drop its case against Ripple, potentially boosting XRP's adoption.
XRP is at a crossroads as ProShares is set to launch its XRP ETF on July 18, coinciding with Crypto Week in Washington, D.C. The ETF was just listed on the DTCC platform and got regulatory approval through a Rule 485(b)(1)(iii) amendment. The timing is interesting as lawmakers will be discussing key legislation, including the Clarity Act and the Anti-CBDC Surveillance State Act.
This is a big step for institutional exposure to XRP. For years, regulatory uncertainty has kept XRP out of mainstream finance. Now with a fully regulated product coming to market, asset managers and high net worth individuals will be taking a closer look.
ProShares’ XRP ETF is part of a growing trend of cryptocurrency ETFs that offer exposure without direct token custody, perfect for risk averse investors in the digital asset space.
Inflows Show Institutional Demand
Institutional interest in XRP is heating up. Teucrium’s 2X Long Daily XRP ETF (XXRP) has already seen $160 million in inflows, showing strong investor demand for leveraged crypto exposure. In one trading day, the ETF went up 27%, extending its weekly gain to 55% and daily trading volume to over $120 million.
Eric Balchunas, senior ETF analyst at Bloomberg, said Teucrium got in early and is reaping the benefits of XRP’s momentum. Other asset managers are following suit:
- Volatility Shares: Will release a 2X XRP ETF and a standard version
- Tuttle Capital: Planning its own 2X Long XRP Daily Target ETF
- Both filings approved by the SEC, so coming to market soon
This surge in leveraged products is a sign of growing confidence in XRP’s regulatory and price outlook.
XRP Outlook Improves
The ProShares ETF launch on July 18 could accelerate XRP’s recent uptrend. With Crypto Week shining a light on cryptocurrency legislation, the timing is perfect. Analysts say the ETF launch combined with positive regulatory news could trigger a new wave of buying.
And speculation is growing that the SEC may drop its case against Ripple, removing a big overhang that has been weighing on investors for years. If true, this could open the door to even more adoption.Bullet Points (15%):
- ProShares XRP ETF launches July 18
- $160M inflows into leveraged XRP ETFs
- Teucrium’s ETF up 27% in one day, 55% weekly
- Volatility Shares and Tuttle Capital to launch ETFs
- SEC may drop Ripple appeal XRP looks good to go!
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