Ripple Prime Expands Into $256B Leveraged ETF Financing Market
- —U.S. leveraged ETF market: 593 funds with over $256 billion in assets, 426 tracking single stocks
- —Tradr 2X Long SNDK Daily ETF pays Ripple Prime an overnight rate plus 4 points, about 8% annualized
- —Ripple Prime clears more than $3 trillion annually after the $1.25 billion Hidden Road acquisition
- —Ripple has not disclosed what share of ETF financing uses XRP or the XRP Ledger
Why it matters: Ripple is deepening its traditional-finance revenue, but the link between that business and actual XRP demand remains undisclosed.
Source: Coinpaper