Is This Latest Catalyst for XRP a New Reason to Buy It?

Xrp (Crypto: XRP) No strangers that catalysts are big and small because his owners know. And it just got another one that could have taken good times.

But is it financially changing this new development for its upside-down investors or is a drop in the bucket? Let’s check what happened and answer that question.

On April 8, Tea Investment Consultants, the asset manager, presented Exchange Fund (ETF) It offers investors an leverage to XRP, Crypto designed to facilitate money transfers.

That Foundation: Teucrium 2x every day XRP ETFshould not be confused with the currently discussed ETF Securities and Exchange Commission (SEC), Which have not yet been confirmed, and which offer investors on the spot effect, which is similar to keeping a coin directly in your own wallet.

This new ETF implies a few things for XRP merits as an investment.

First of all, the new fund is significant, as it suggests that there is a demand for tools that allow investors in traditional financial spheres for higher speculative and more active formulations. The use of the fund will not otherwise provided the foundation.

It is more important that the Foundation is a path to investors, which is still buying the coin, even if they are not ready to engage in the field of cryptomality using its native technology. So it can attract a new capital that will not be implemented directly in XRP.

Another factor is that there will be some additional TEUCIUM XRP demands, assuming that his Entf stretches because the manager must support the coin. This should result in a minor growth of the price of the coin. When combined with other (and larger) asset managers, the overall effect of other ETFs can be moderately positive.

Finally, ETF is a vote of confidence that XRP does not leave. Although the XRP was not so necessary before the asset manager, it is the largest of the cryptic cryptic, it is another point that XRP already has less risky than before.

There is no real drop in the scene, at least not for people who keep XRP directly. Thus, in general, it is modestly developed.

It is not necessary to get out and buy the shares of this ETF if you already hold XRP. The fact that this is a lever, it makes it a little too much risk for investors, not to mention that much higher maintenance is active compared to buying and storing itself. It’s just that the reason is not a lot.