The first XRP exchange-traded product to launch in the United States saw over $5 million in volume on its first day of trading, yesterday, April 8, per data from Bloomberg. The leveraged ETF, the Teucrium 2x Long Daily XRP ETF (XXRP), from Teucrium Investment Advisors launched on NYSE Arca on Tuesday. Bloomberg Senior ETF Analyst Eric Balchunas said in an X post yesterday that the volume was “very respectable,” given market conditions. He also noted that while the day one volume put XXRP among top-performing new ETFs, it pales in comparison (by 200x) to the first day trading volume of Bitcoin (BTC) ETF IBIT from wealth management giant BlackRock. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io