最近推出的槓桿交易所交易基金跟踪XRP在資產流入方面正在獲得動力。

Teucrium 2倍長的每日XRP ETF（其股票符號為XXRP）在過去四個星期中一直流入。

Recently launched leveraged exchange-traded funds are gaining momentum as evidenced by rising asset inflows.

最近推出的槓桿交易所貿易資金正在獲得勢頭，這是資產流入增長所證明的。

The Teucrium 2x Long Daily XRP ETF (NYSE:XXRP) has seen four consecutive weeks of inflows. Its assets have now risen from zero to over $67 million.

每日2倍長的XRP ETF（NYSE：XXRP）連續四個星期的流入。它的資產現在從零增加到6700萬美元。

The ETF’s performance has also outpaced that of Ripple’s (NYSE:XRP) XRP. It has jumped by 26% since its launch, while the XRP price has risen by 16.4% in the same period.

ETF的性能還超過了Ripple（NYSE：XRP）XRP的性能。自推出以來，它的增長增長了26％，而XRP價格在同一時期上漲了16.4％。

The XXRP ETF’s inflows are notable because of its cost structure. While one can easily buy the XRP token and pay no fee, its investors pay a premium for the fund, which has an expense ratio of 1.89%.

XXRP ETF的流入值得注意，因為其成本結構。儘管人們可以輕鬆購買XRP代幣並不支付任何費用，但其投資者為該基金支付溢價，該基金的費用比率為1.89％。

A 1.89% fee is high even when compared with other leveraged ETFs. The popular Direxion Daily Semiconductor Bull 3x Shares ETF (NYSE:SEML), which has $9.9 billion in assets, charges a 0.75% management fee.

即使與其他槓桿ETF相比，費用也很高。流行的Direxion Daily Semiconductor Bull 3X股票ETF（NYSE：SEML）的資產為99億美元，收取0.75％的管理費。

Similarly, the $22 billion ProShares UltraPro QQQ ETF (NYSE:TQQQ) has an expense ratio of 0.84%. XXRP’s fees mean that a $10,000 investment will cost at least $189 annually.

同樣，耗資220億美元的Proshares Ultrapro QQQ ETF（NYSE：TQQQ）的費用比率為0.84％。 XXRP的費用意味著10,000美元的投資每年至少耗資189美元。

Strong institutional demand

強勁的機構需求

Despite XRP’s high fees, sustained XXRP inflows signal strong institutional demand for XRP ETFs. It also means that the upcoming XRP ETFs will likely have more inflows.

儘管XRP的費用很高，但持續的XXRP流入信號XRP ETF表示強大的機構需求。這也意味著即將到來的XRP ETF可能會有更多的流入。

The Securities and Exchange Commission is currently reviewing 9 XRP ETFs from companies like Bitwise, Canary, 21Shares, WisdomTree, Franklin Templeton, and Grayscale.

美國證券交易委員會目前正在審查Bitwise，Canary，21Shares，Wisdomtree，Franklin Templeton和Grayscale等公司的9個XRP ETF。

JPMorgan (NYSE:JPM), the Wall Street bank, estimates these ETFs will have over $8 billion in inflows in the first year. If this happens, the inflow will be higher than that of Ethereum (CRYPTO:ETH).

華爾街銀行摩根大通（NYSE：JPM）估計，這些ETF在第一年的流入量將超過80億美元。如果發生這種情況，流入將高於以太坊（加密：ETH）的流入。

SoSoValue data shows that spot Ethereum ETFs have attracted less than $2.5 billion in the first seven months.

Sosovalue數據顯示，在前七個月中，現場以太坊ETF吸引了不到25億美元。

XXRP, like other leveraged ETFs, is a high-risk and high-reward fund. That’s because the fund seeks daily investment returns that correspond to 2x the daily performance of the XRP token.

與其他槓桿ETF一樣，XXRP是高風險和高獎金的基金。這是因為基金尋求每日投資回報，與XRP令牌的每日表現相對應。

A good example is the ProShares QQQ ETF and the ProShares UltraPro Short QQQ ETFs. TQQQ, which provides leveraged exposure to the Nasdaq 100 Index, has jumped by 261% in the last five years, while the Nasdaq 100 Index has risen by 127% in the same period.

一個很好的例子是Proshares QQQ ETF和Proshares Ultrapro Short QQQ ETF。 TQQQ在過去五年中提供了槓桿率的槓桿風險，它在同一時期增長了261％，而NASDAQ 100指數在同一時期增長了127％。

SQQQ, which provides leveraged short exposure to the Nasdaq 100 Index, has crashed by 98% in the same period. Therefore, an XRP price crash will lead to more pain for XXRP ETF investors.

SQQQ可提供槓桿率短於NASDAQ 100指數，同一時期已墜毀98％。因此，XRP價格崩潰將導致XXRP ETF投資者更加痛苦。