The new XRP ETF reaches $ 67 million AUM as price open Riple

The recently launched expressionary market The KSRP trading fund gets momentum in terms of property inflows.

Teucrium 2K Long Daily XRP ETF, Whose The symbol of the typical is XXRPHe had an inflow in the last four consecutive weeks. His assets crossed the zero to over $ 67 million in this period.

The performance of the ETF also performed better than Ripple XRP. He jumped 26% since its founding, while the price of XRP increased by 16.4% in the same period.

The DSKSRP ETF inflows are noticeable because of its cost structure. Although the CSRP token can be easily purchased and does not pay compensation, its investors pay a premium for the fund, which has a cost ratio of 1.89%.

The fee of 1.89% is large even compared to another Salijska ETF. Popular Dexion Daily Semiconductor Bull 3K ACTIONS ETF, which has $ 9.9 billion of property, charges 0.75% management fee.

Similarly, from $ 22 billion, Proshares UltraPro KKK ETF has a cost ratio of 0.84%. XXRP fees mean that investments in the amount of $ 10,000 will cost at least $ 189 per year per year.

Strong institutional demand

Despite High KSRP fees, the Sustainable XXRP inflows signals strong institutional demand for KSRP ETFS. It also means that the impending XRP ETFs will probably have more inflows.

The Securities and Exchange Commission currently reviews 9 CSRP ETFS from companies such as Bidse, Canary, 21Shares, Wisdomtree, Franklin Templeton and Greiscale.

JPMORGAN, Wall Street Bank estimates that these ETFs will have over $ 8 billion during the first year. If this happens, the inflow will be higher than in Ethereum (El).

Sassoved The data show that Spot Etherum ETFs attracted less than $ 2.5 billion in the first seven months.

XXRP, as well as other ITFERED ETFS, is a high risk and high prize fund. This is because the fund is looking for daily investment returns corresponding to 2K daily performance XRP token XRP.

A good example is the PROSTRAS KKK ETF and Proshares UltraPro short KKK ETFS. TKKK, which allows exposure to the NASDAK 100 index, has jumped by 261% in the last five years, while the Native1 100 index increased by 127% in the same period.

The SKKK, which enables great extent, is briefly exposed to the Neja-Nasak 100 index, crashed 98% in the same period. Therefore, the CSRP price is to lead to more pain for XXRP ETF investors.