By Kapil Rajyaguru
NYSE Approves Teucrium 2x Long $XRP ETF.
The New York Stock Exchange (NYSE) Arca has given the nod to a new investment product called Teucrium’s 2x Long Daily $XRP ETF.
It is an exchange-traded fund (ETF) that enables investors to gain exposure to the daily price action of XRP, a digital asset used by Ripple, without actually owning any XRP. The main goal of this ETF is to provide investors with double the daily return of XRP.
This product is designed for investors who wish to profit from the fast price movements of XRP. It operates by checking the price of XRP on a daily basis and applying a 2x multiplier.
Cboe Set to Debut New Bitcoin Futures With FTSE Russell.
Cboe Digital, the crypto arm of the Chicago Board of Options Exchange, is hoping to roll out a new bitcoin (BTC) futures product later this month if approved by regulators, the exchange said on Monday.
The new trading vehicle, in partnership with FTSE Russell, will be cash-settled and based on the XBTF Index, which represents 1/10th the value of the FTSE Bitcoin Index. It will settle on the last business day of each month.
If regulators approve Cboe’s application, the futures would begin trading on April 28, it said.
SEC Set to Discuss Crypto Trading Rules at April 11 Roundtable.
The US Securities and Exchange Commission (SEC) has revealed the list of the individuals who will be attending the roundtable on the regulation of cryptocurrencies for trading on April 11, 2025.
The event will be called “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading” and will discuss how the SEC should regulate trading in cryptocurrencies.
Some of the leading companies in the crypto space including Uniswap, Coinbase and Cumberland DRW will be present through key personnel such as Unisaw Labs Chief Legal Officer Katherine Minarik, Coinbase Vice President of Institutional Product Gregory Tusar and Cumberland DRW Associate General Counsel Chelsea Pizzola.
WazirX Creditors Back Restructuring Plan to Payback $230mn Hack Victims.
Crypto exchange WazirX received over 93% approval from creditors for its Scheme of Arrangement, moving closer to asset recovery after a $230 million hack.
The voting, involving over 141,000 creditors, exceeded Singapore’s Companies Act requirements, preventing a shift towards liquidation.
If sanctioned by the Singapore Court, the scheme will initiate payouts and resume withdrawals, with plans for a decentralized exchange and recovery tokens.
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