Teucrium 2x Long Daily XRP ETF

14.73

+1.9415.17%

Post-market: 14.870.1400+0.95%17:39 EST

Volume:1.38M

Turnover:19.74M

Market Cap:257.19M

PE:- -

High:15.01

Open:13.43

Low:13.40

Close:12.79

52wk High:68.88

52wk Low:11.65

Shares:17.46M

Float Shares:16.88M

Volume Ratio:0.78

T/O Rate:8.17%

Dividend:- -

Dividend Rate:- -

ROE:--

ROA:--

PB:--

PE(LYR):- -

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Its stablecoin market capitalization has dropped to $184 million, down from the year-to-date high of $186 million.The slowing XRP Ledger ecosystem growth has impacted its burn rate. Data shows that the number of transactions in the network has dropped to 1.123 million, from 2.5 million in July.The XRP burned as fees has been on a downward trend. It is averaging less than 1,000 XRP tokens a day, down from over 4,500 a few months ago.Cumulatively, the number of XRP burned has reached 14.2 million, which is equivalent to $32 million at the current price. 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However, it remains about 18% below its highest level this year.There are signs of increased demand for XRP assets among American investors. The recently launched REX-Osprey XRP ETF  has continued to experience substantial inflows in recent days. It has recorded inflows on each trading day, with total assets rising to over $83 million.A similar trend is seen with the Teucrium 2X XRP ETF , whose assets have jumped to over $440 million, making it one of the largest crypto ETFs in the U.S.XRP ETFs are likely to draw investors due to the growing interest in cryptocurrencies among U.S. investors. 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This decline was attributed to rising Federal Reserve jitters and soaring liquidations in the cryptocurrency market.On the positive side, there is robust demand for the recently-launched spot XRP ETF. Data compiled by ETF.com shows that the ETF has had over $71 million in inflows since its inception last week.These numbers indicate a strong demand for XRP assets on Wall Street. 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