- First US XRP ETF (Teucrium 2X Long XXRP) launches today, April 8th, amid market volatility
- SEC vs Ripple lawsuit uncertainty continues; SEC appeal status, Apr 16 deadline watched
- Launch occurs during tariff-driven market stress; BTC holds near $79k after recent drop
Investor focus shifted Tuesday toward the launch of the first U.S. XRP exchange-traded fund – the Teucrium 2x Long Daily XRP ETF (XXRP) – even as significant regulatory uncertainty and market volatility persist.
The fund, aiming to double XRP’s daily performance via swaps, debuted during a period of heightened speculation. While a milestone for XRP accessibility, questions remain about its near-term impact given the unresolved SEC lawsuit against Ripple and broader market stress.
Related: Billmarket Predicts 99% Chance of XRP ETF Approval in 2025
Lingering SEC vs. Ripple Lawsuit Questions
The SEC’s delayed response regarding its appeal in the Ripple case continues to create market uncertainty. Ripple CEO Brad Garlinghouse recently suggested the SEC might withdraw its appeal (following reports of a $50 million settlement), but no official confirmation exists.
Ripple is scheduled to file its reply brief by April 16th. A final, favorable resolution could significantly boost XRP’s price, potentially pushing it toward its all-time high near $3.55. However, prolonged legal proceedings may keep market sentiment cautious, limiting XRP’s ability to benefit fully from product launches like the new ETF. Over nine other spot XRP ETF applications also await SEC review.
Broader Market Volatility from Tariff Threats
The leveraged XRP ETF also launches while global markets grapple with volatility sparked by U.S. trade policies. President Trump recently dismissed rumors of pausing tariffs on China, instead threatening an additional 50% levy on Chinese goods effective April 9th if China doesn’t retract prior retaliations. This announcement severely rattled markets late last week and Monday, dampening risk appetite.
Bitcoin (BTC) reflects this turbulence. After briefly breaking $85,000 during Monday’s rumor-driven whipsaw, it retreated sharply.
Related: Ripple CEO: XRP ETF and Strategic Reserve Listing “Closer Than Ever”
As of Tuesday morning, Bitcoin traded near $79,053, up 3.55% over 24 hours but still down 5.27% over the past week, highlighting the ongoing uncertainty affecting both crypto and traditional markets. The performance of the new XRP ETF will be closely watched against this volatile backdrop.
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