Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-8-25
Good Morning Dinar Recaps,
FIRST-EVER XRP ETF TO LAUNCH IN US TUESDAY; SPOT ETF STILL PENDING
▪️Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market.
▪️Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC.
▪️One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
Vermont-based asset manager Teucrium Investment Advisors LLC is launching the first XRP-based exchange-traded fund in the U.S. market on Tuesday.
The Teucrium 2x Long Daily XRP ETF (XXRP) is a leveraged fund based on the world's fourth-largest cryptocurrency by market capitalization, designed to provide investment results that correspond to twice the daily price performance of XRP.
"If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF," the company said on the website.
According to its description, XXRP starts trading on April 8 on NYSE Arca, with monthly distributions at a 1.85% management fee ratio.
On the Depository Trust and Clearing Corporation's (DTCC) official list of active and pre-launch U.S. ETFs, Teucrium's XXRP stands as the only XRP-related fund.
"A 2x XRP ETF is launching [tomorrow] in the U.S., the first-ever XRP ETF on the market," Bloomberg Senior ETF Analyst Eric Balchunas said in a post on X.
"Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, [although] our odds are pretty high," Balchunas added.
Demand for spot ETF uncertain
Multiple U.S. issuers, including Grayscale, WisdomTree and Bitwise, have filed applications with the U.S. Securities and Exchange Commission following waves of positive changes in crypto regulation led by President Donald Trump.
Several spot XRP ETF filings have been acknowledged by the SEC earlier this year, suggesting the review process is moving forward.
Meanwhile, Ripple Labs, the company that created and supports the growth of XRP, agreed to settle with the SEC last month, ending their years-long legal battle over whether XRP counts as a financial security. Ripple agreed to pay a fine of $50 million, reduced from the $125 million that was imposed last August.
"With the SEC dropping its appeal, a key legal hurdle is out of the way, making XRP ETF approval more likely," said Min Jung, research analyst at Presto Research. "If any new spot ETFs are approved after Bitcoin and Ethereum, XRP or Solana are strong contenders."
However, Jung noted that demand for spot XRP ETFs remains uncertain. "Ethereum ETFs have seen limited traction, and institutions still largely believe 'there is no second best,'" Jung said.
According to The Block's XRP price page, the cryptocurrency is trading at $1.91 as of 11:00 p.m. ET on Monday, up 0.64% in the past 24 hours.
@ Newshounds News™
Source: The Block
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HONG KONG SFC ISSUES NEW CRYPTO STAKING RULES: WHAT’S CHANGING?
▪️Hong Kong's SFC issues new rules for licensed crypto platforms and funds involved in staking.
▪️The guidelines aim to boost blockchain security, offer regulated yields, and enhance investor protection.
▪️These moves are part of Hong Kong's "ASPIRe" plan to become a leading regulated virtual asset hub.
Hong Kong is stepping up its game in the crypto space. In a move to tighten oversight and improve investor safety, the city’s Securities and Futures Commission (SFC) has rolled out new rules for virtual asset trading platforms and authorised funds involved in staking.
The move is part of the city’s efforts to tighten oversight and create a safer, more structured crypto market.
From clearer rules to new opportunities for investors, the SFC’s latest update could signal a turning point. Here’s what’s changing, and why it matters.
Regulated Crypto Staking: A Step Forward
The updated rules highlight key benefits of staking—such as improving blockchain security and helping investors earn yields—all within a regulated environment. These guidelines give licensed crypto platforms more flexibility to offer staking services, supporting the SFC’s “ASPIRe” strategy to grow Hong Kong’s virtual asset industry.
The SFC has set out clear requirements for platforms that offer staking. These include protecting staked assets, avoiding service disruptions, and being transparent about the risks involved. This marks a major step toward making staking safer for investors in Hong Kong.
Funds Can Stake – But Within Limits
The SFC also updated its circular for SFC-authorised virtual asset (VA) funds. These funds can now stake assets—but only through licensed platforms or approved institutions. To reduce risk, a cap has been set on how much they can stake. This helps manage liquidity and further protect investors.
SFC CEO Julia Leung said that expanding regulated crypto services is key to growing Hong Kong’s virtual asset market. At the same time, she stressed that protecting investors must remain the top priority through strong regulation and compliance.
A Global Crypto Hub in the Making
The SFC is actively working to position Hong Kong as a global digital asset hub. Its ASPIRe framework—short for Access, Safeguards, Products, Infrastructure, and Relationships—aims to make it easier for platforms to enter the market while strengthening investor protections.
In February 2025, the SFC announced plans to launch new licensing regimes for over-the-counter (OTC) virtual asset trading and custody services. These new rules are aimed at improving market efficiency and boosting investor confidence.
As the crypto world keeps moving fast, Hong Kong clearly wants the rules to keep pace – and stay one step ahead.
@ Newshounds News™
Source: Coinpedia
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