XRP Spot ETF Approval: Teucrium's 2x ETF Fuels Optimism Amid Market Cautiousness

XRP's prospects for a spot ETF approval in the U.S. are strengthening, supported by its high liquidity and Teucrium's recent launch of a 2x XRP ETF. Kaiko analysts highlighted XRP's leading position due to its superior market depth, surpassing Cardano's ADA by twofold. The launch of Teucrium's 2x XRP ETF saw impressive volumes exceeding $5 million on its first day.

Despite these encouraging signals, the options market indicates some caution, reflected in a bearish skew for April 18 expirations on Deribit. The SEC is currently reviewing multiple XRP spot ETF applications. Grayscale's application faces a crucial deadline on May 22.