XRP welcomes its first ETF XXRP, marking the launch of a new subcategory in the market initiated by leveraged products.

BlockBeats news, on April 8, Bloomberg senior ETF analyst Eric Balchunas stated, “XRP has welcomed its first ETF today, a 2x leveraged version XXRP. This is the first time a leveraged product has opened a new subcategory. I expect many ‘firsts’ this year, so we can only go with the flow.”