Teucrium Launches ETF Linked to XRP
Teucrium CEO Sal Gilbertie discusses the Teucrium 2x Long Daily XRP ETF (ticker: XXRP), which aims to use swaps to offer twice the daily return of the XRP token. He speaks with Tim Stenovec and Katie Greifeld on "Bloomberg Crypto." (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Trump Media Files for Third Crypto ETF
Cronos, XRP and Solana have entered the chat. Trump Media filed last week with the Securities and Exchange Commission to launch a new fund, the Truth Social Crypto Blue Chip ETF, which would primarily hold Bitcoin but also Ether, Solana, Cronos and XRP. Its fees have not been disclosed, but the crypto exchange platform is slated to act as the fund's digital custodian. The move is the latest foray by President Trump's media company into the increasingly deregulated, and saturated, world of crypto products. READ ALSO: Vanguard Expands Fixed-Income Menu with 3 Treasury ETFs and Tariff Fallout Hasn't Hit Markets Yet. Issuers Say That Could Change The filing taps into increased demand for cryptocurrencies other than Bitcoin, said Bryan Armour, Morningstar's director of ETF and passive strategies research. 'As more cryptocurrencies are approved for spot ETFs generally, I think there will be more appetite and significant product development around an indexed version of multiple cryptocurrencies,' he said, 'so my guess is they'll appear in different ways.' The problem is that Solana, XRP and Cronos aren't yet available to trade as spot funds, which has slowed the launch of index-type crypto ETFs, Armour said. That leaves little room for Trump Media's other two ETFs to differentiate themselves from existing funds. It's only a matter of time until the SEC's approval of additional currencies opens the door for new players, however. 'It's a more level playing field because they'll be starting alongside other asset managers and there's potential to differentiate,' Armour said. '[Cronos] has a significant overweight, but that might appeal to some investors to get that type of mix.' Trump Media, which operates Trump's Truth Social platform, has now filed for three strategies with the SEC: The Truth Social Crypto Blue Chip ETF would have 70% of its assets allocated to Bitcoin, with 15%, 8%, 5% and 2% going to Ether, Solana, Cronos and XRP, respectively. The Truth Social Bitcoin and Ethereum ETF would have 75% of its assets allocated to Bitcoin and 25% to Ether. The Truth Social Bitcoin ETF would be a spot Bitcoin ETF, aiming to serve as a Bitcoin reserve for the US government. The Blue Chip version will allocate about 5% of its holdings to Cronos — a currency developed by an affiliate of the fund's custodian, Foris DAX Trust Company. That's of particular note, Armour said, because the product should have a 1% allocation based on market cap. Name Brand? The main force behind Trump Media's crypto ETFs at present is the Trump name itself, which may not be enough, said Roxanna Islam, head of sector and industry research at VettaFi. 'They do appeal more to Trump fans or people that are anti-mainstream financial issuers. But that can only go so far,' she said, adding that fees will also play a role. 'Will they even remotely catch up? It's hard to say, because they're over a year behind.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter.
Bloomberg
an hour ago
- Bloomberg
US Airports Rush to Bond Market With $10 Billion of New Sales
Surging construction costs and booming demand for flights are fueling a rush of debt sales from US airports. Airports across the US have borrowed more than $10 billion from municipal-bond investors in the first six months of 2025, the largest first half since at least 1990, according to data compiled by Bloomberg. The surge marks a 51% increase over last year's volume and is outpacing the broader 20% uptick in state and local government bond sales, the data shows.
Yahoo
an hour ago
- Yahoo
Why Are Bitcoin, Ethereum, XRP, Dogecoin Suddenly Skyrocketing?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cryptocurrency markets are off to a blazing start on Monday morning, with Bitcoin making a new all-time high above $123, Ticker Price Bitcoin (CRYPTO: BTC) $121,812.36 Ethereum (CRYPTO: ETH) $3,070.88 Solana (CRYPTO: SOL) $167.48 XRP (CRYPTO: XRP) $2.99 Dogecoin (CRYPTO: DOGE) $0.2069 Shiba Inu (CRYPTO: SHIB) $0.00001383 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 14.7% and 7.9%, respectively. Daily active addresses dropped by 5.6% and 3.6%, respectively. Coinglass data shows129,769 traders were liquidated in the past 24 hours for $750.05 million. SoSoValue data shows net inflows of $1.03 billion into spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $204.8 million. Trader Notes: CoinBureau co-founder Nic Puckrin highlighted the importance of Bitcoin breaching a 7-year-long monthly resistance trendline, which acted as the ceiling in past bull markets dating back to 2018. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Rekt Capital says a convincing breakout above $124,000 would open the floodgates for Bitcoin, triggering rapid price discovery with little resistance above. Michael van de Poppe forecasts rising volatility, with sharp dips likely to be absorbed quickly. He believes the next major leg to $250,000 has begun, projecting $150,000 by Q3. Cryptoinsightuk explained that a break above $3.00 for XRP could unlock a move to all-time highs and initiate price discovery. The current price action is pressing against the final major resistance. Crypto trader Jelle noted Ethereum finally broke above the $2,800 resistance, flipping it into support. With momentum now shifting upward, the next key target is $4,000, as minimal resistance remains in that zone. Jelle shared a bold outlook, stating $600 is the long-term target for SOL, as the broader market rally gains traction. Crypto trader CW pointed out that DOGE has broken its first sell wall and is approaching the next resistance zone between $0.24–$0.26, signaling further upside Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Why Are Bitcoin, Ethereum, XRP, Dogecoin Suddenly Skyrocketing? originally appeared on
