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Tuesday, April 8, is set to feature a rather unusual development as a brand new XRP exchange-traded fund (ETF) is scheduled for listing on the NYSE Arca exchange.

In a major XRP news, crypto firm Ripple has announced plans to acquire prime broker Hidden Road for $1.25 billion. The XRP price surged on the back of this announcement, with the deal one of the largest in the crypto industry.

The New York Stock Exchange paved the way for a double-leveraged ‘high conviction' XRP ETF.

Blockchain-based payments network Ripple announced it has acquired crypto-friendly prime broker Hidden Road following its win in a long-running battle with securities regulators in the United States.Ripple is acquiring Hidden Road in a $1.25 billion deal, one of the largest-ever acquisitions in the crypto industry, the company officially announced on April 8. With Hidden Road's $3 trillion clearing across more than 300 institutions, Ripple is set to become the “first crypto company to own and operate a global, multi-asset prime broker,” which is anticipated to become the “largest non-bank prime broker globally,” the announcement notes.

TL;DR Historic ETF Launch: Teucrium debuts the first leveraged XRP ETF (XXRP) on NYSE Arca, offering 2x daily XRP performance. XRP Price Boost: XRP surged 9% to $1.95 upon the ETF's launch, reflecting strong market enthusiasm. Investor Impact: The leveraged product signals growing confidence in XRP, paving the way for potential future spot ETF approvals.

Major cryptocurrencies plunged to multi-month lows today as investors sold off digital assets amid broader market concerns. XRP fell to $1.65, Bitcoin dropped to $74,100, and Ethereum crashed to $1,390 in what analysts are calling a significant market correction.

Standard Chartered on Tuesday forecasted that XRP's (CRYPTO: XRP) market capitalization will overtake Ethereum's (CRYPTO: ETH) by the end of 2028, positioning XRP as the second-largest non-stablecoin digital asset. What Happened: The bold prediction, made by Geoffrey Kendrick, head of digital assets research at Standard Chartered, highlights XRP's growing role in cross-border payments amid shifting market dynamics.

Ripple has signed a $1.25 billion agreement to acquire Hidden Road, a global prime brokerage platform. The deal marks one of the largest mergers in the crypto space and signals Ripple's expansion into institutional finance infrastructure.

In a market frequently influenced by hype and speculation, cryptocurrency investors are beginning to consider alternatives to the popular coins, such as Solana (SOL), Cardano (ADA), XRP, and Dogecoin (DOGE). They are looking for other projects that offer utility and have growth potential.

XRP is uniquely positioned at the heart of of cross-border payments, the report said.

Ripple's acquisition of Hidden Road could accelerate digital asset integration with traditional finance, enhancing market maturity and innovation. The post Ripple is acquiring crypto-friendly prime broker Hidden Road in $1.25 billion blockbuster deal appeared first on Crypto Briefing.

Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company.

San Francisco-based blockchain company Ripple has announced that it acquiring Hidden Road for a staggering $1.25 billion.

Teucrium Investment Advisors has launched the first-ever leveraged exchange-traded fund (ETF) tied to XRP in the United States. The fund, officially titled the Teucrium 2x Long Daily XRP ETF, will begin trading today on NYSE Arca under the ticker XXRP.

XRP's price action, Open Interests and whale sell-off supported a further drop for the altcoin.

Stellar is stealthily taking centerstage on the blockchain activity front while XRP continues to struggle with price volatility and major technical breakdowns. Despite a stagnant and declining price performance, recent data indicates that XLM is experiencing a notable uptick in on-chain operations, outpacing XRP in terms of sheer transaction volume.

Ripple has notably declined due to escalating tariff wars, breaking below the crucial 200-day moving average at $1.8. However, the price still faces a key support zone, and if this level is breached, the asset could experience a substantial downturn.

Glassnode data has confirmed that more than 80% of TRX and XRP holders are currently in unrealized profits despite the market crash.

The cryptocurrency market is about to witness a major milestone as Teucrium Investment Advisors is making history with the first-ever 2x leveraged XRP ETF in the U.S. Meanwhile, it is set to trade under XXRP on NYSE Arca from April 8, this ETF offers investors twice the daily returns of XRP.

Leading altcoins $XRP, $ADA, and $SUI have all come back to major support. Will this support hold, and can these altcoins bounce back?

XRP rebounds 20% after ETF launch, but bearish patterns and on-chain data warn of a potential 38% crash. Here's what's next for Ripple's token.

The Ripple token (XRP) is the biggest gainer today, as the price surged multiple folds amid the XRP ETF hype. Despite the high volatility, legal battles, and crypto market downtrend amid the tariff chaos, the Asset manager Teucrium Investment Advisors is set to launch the first ever XRP-based exchange-traded fund in the US markets.

Teucrium debuts the first 2x leveraged XRP ETF, trading under the ticker XXRP. XXRP aims to deliver twice the daily returns of XRP using swap agreements.

Bitcoin (BTC 3.23%) is the king of cryptocurrencies, but that does not guarantee it will outperform other crypto assets, especially not in a relatively short time, like a year and a half or so. As smart a purchase as it is, it simply doesn't have that many catalysts that will drive major growth immediately.