welcome
CoinGape

CoinGape

Business

Business & Economics

XRP News: NYSE Arca Approves Listing of Teucrium's 2X Long Daily XRP ETF

CoinGape
Summary
Nutrition label

75% Informative

NYSE Arca approved the listing and registration of Teucrium ’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934 .

The firm has experience trading related products tied to Bitcoin and Solana .

This move is part of a growing trend as more traditional financial firms get involved in crypto.

Franklin Templeton filed S-1 registration statement with the SEC for a potential XRPETF .

XRP futures product is gaining traction in the broader market.

VR Score

60

Informative language

50

Neutral language

73

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links