XRP-ETF debuted with $5.4M volume as Ripple bought a prime broker for $1.5B

Tuesday was an important day for Ripple: the first XRP-ETF product was launched in the US. Interestingly, this is a leveraged ETF product. It was launched ahead of the approval of a spot $XRP ETF

A Bloomberg analyst said in an X post that the volume was "quite decent," given the market conditions

He also noted that, although the first-day trading volume placed XXRP among the best-performing new ETFs, it pales (by 200x) compared to the first-day trading volume of the BTC-ETF

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