A Strategy On XXRP, For The XRP Boom: But Watch Out For This Element
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Financial Serenity1.21K FollowersFollow5ShareSavePlay(7min)CommentsSummaryXXRP is a 2x long daily leveraged ETF on XRP (not spot) with a TER of 1.89%.Leverage amplifies decay and this becomes evident as the investment time horizon widens.The underlying, XRP, is gaining interest relative to BTC/USD. The catalyst is an apparent programmed scarcity program.An element that is typically highly appreciated by the market, which is why I look with interest at XRP’s lows.XXRP, however, remains in my humble opinion a valid instrument only for very short horizons, preferably intraday. Phira Phonruewiangphing/iStock Editorial via Getty Images XRP is gaining momentum, and instruments like Teucrium 2x Long Daily XRP ETF (XXRP) amplify returns. This is not a free mechanism: it is costly in terms of expense ratio, but also in terms ofThis article was written byFinancial Serenity1.21K FollowersFollowFinancial Serenity is a financial analysis and quantitative research column with a particular focus on the asset management sector. It is actively managed by Tommaso Scarpellini, a seasoned financial researcher and data analyst with proven experience in banking and financial analytics platforms. This initiative aims to provide an in-depth analysis of the dynamics driving the asset management market.
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