How to Buy and Invest in the XRP ETF Launching on NYSE Arca

Bittime - On April 8, 2025, Teucrium Investment Advisors officially launched Teucrium 2x Long Daily XRP ETF (ticker: XXRP) on the NYSE Arca exchange. This is the first ETF in the United States based on the crypto asset XRP, marking a new milestone in the world of crypto-based investments.

This ETF is leveraged 2x, meaning it aims to double XRP's daily price movements. This strategy allows for greater profit potential, but also increases risk due to XRP's notoriously high price volatility. In its first day of trading, the price of XRP jumped 6% to almost $2 before finally correcting.

Why Are XRP ETFs Attractive to Investors?

The launch of XXRP reflects the growing global trend towards crypto-based investment products. Many investors are looking for ways to gain exposure to digital assets without having to go through the hassle of storing or managing the coins themselves. With this ETF, investors can benefit from XRP price movements through instruments listed on official exchanges, without having to buy XRP directly.

Apart from Teucrium, several well-known investment companies such as Bitwise, WisdomTree, and Franklin Templeton are also submitting proposals to launch similar ETFs. However, until now, their application is still in the process of being reviewed by the Securities and Exchange Commission (SEC).

As the first leveraged XRP ETF in the United States, XXRP opens a new chapter for the digital asset market. The performance of this ETF in the coming months will be in the spotlight, especially considering the XRP price dynamics and close scrutiny from regulators.

Read also: What is MiL.k (MLK)? Everything You Need to Know!

How to Buy and Invest in the XXRP XRP ETF

Investing in the XRP ETF is quite easy, even for beginners. You only need to have an account on a trusted broker platform that provides access to NYSE Arca. Some popular platforms that you can use include:

• Charles Schwab
  
   
• Fidelity
  
   
• Robinhood
  
   
• Interactive Brokers
  
   
• SoFi Invest
  
   
• Vanguard
  
   
• eTrade
  
   
• Ally Invest
   

Once you have an account, look for ETFs by ticker XXRP, then determine the number of units you want to buy according to your strategy and risk profile. Remember, because this is a leveraged ETF, it is important to always monitor price movements and understand the potential risks involved.

Apart from that, don't forget to take advantage of features such as stop-loss or limit order to help manage your investments better. Also make sure you keep up to date with market developments and the latest policies from the SEC that can affect the performance of this ETF.

Read also: BANXA Buys Pi Coin for 30.5 Million, What Does It Mean?

Conclusion

With the launch of the Teucrium 2x Long Daily XRP ETF on NYSE Arca, American investors now have a new way to gain exposure to XRP without having to purchase the cryptocurrency directly. However, due to the leveraged nature and high volatility of XRP, this ETF is better suited to investors who understand risk and have a mature portfolio management strategy.

FAQ 

1. Is the XXRP XRP ETF suitable for beginners?

This ETF uses 2x leverage, making it more suitable for experienced investors who understand the high risk. Beginners are advised to learn first about ETFs and leveraged risks before investing.

2. How to buy XRP ETF in Indonesia?

You can use an international broker that provides access to NYSE Arca, such as Interactive Brokers or eToro (if available). Make sure the broker is legal and trustworthy.

3. Is the XXRP XRP ETF safe?

Even though this ETF is listed on an official exchange, the risks remain high due to the leveraged nature and volatility of XRP. It is important to do your research and only invest funds that you are prepared to take risks on.

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Reference

Coinpedia First Ever XRP ETF Goes Live on NYSE Arca: Here’s How to Invest, accessed April 9, 2025.

Author: MF