Ripple Enters Leveraged ETF Market with Ripple Prime, Targeting $256B Sector
Ripple's new venture aims to capture a share of the growing U.S. leveraged ETF market using its Ripple Prime platform.
Ripple's new venture aims to capture a share of the growing U.S. leveraged ETF market using its Ripple Prime platform. XRP (XRP) is trading at $1.40, up 0.7% since this brief published. This is an original TLT brief based on reporting by CryptoNews, with live market data added, as of Sun, 11 Oct 2026 15:15:02 UTC.
Ripple's entry into the leveraged ETF market signifies its ambition to expand beyond crypto, potentially transforming how traditional financial products are managed and financed. This move could reduce counterparty risks and fees for ETF providers while increasing Ripple's presence in mainstream finance.
- Ripple Prime enters $256B U.S. leveraged ETF market with total-return swaps.
- Move targets 593 existing funds, aiming to reduce fees and counterparty risks.
- XRP price down 0.66% in last 24 hours despite positive market sentiment.
Ripple, known for its digital currency 
XRP, is expanding into the traditional finance sector with its new service, Ripple Prime. This platform is designed to facilitate leveraged ETF financing through total-return swaps, targeting the $256 billion U.S. market.
The leveraged ETF market in the U.S. is composed of 593 funds and is noted for its rapid growth. Ripple aims to leverage its technology to reduce fees and counterparty risks associated with these funds, potentially making the market more efficient and secure.
Multiple outlets, including CryptoNews and DailyCoin, corroborate the core details of this development. While both agree on the market size and the number of funds, DailyCoin highlights the market's quick growth and trust in Ripple, whereas CryptoNews provides more detailed information about the financial instruments involved.
This move comes as Ripple continues to seek opportunities beyond its core business of digital currency. By entering the ETF market, Ripple is positioning itself to compete with traditional financial institutions and potentially revolutionize how these financial products are managed.
In the current market context, the total crypto market cap stands at $2.87 trillion, with 
Bitcoin showing a slight 24-hour increase of 0.30%. Despite this positive trend, XRP has experienced a 0.66% decline in the last 24 hours, currently trading at $1.39 with a market cap of $87.99 billion.
Since this brief published about 2 days ago, XRP (XRP) has moved from $1.39 to $1.40 — +0.72%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 12 months, XRP (XRP) closed within 2.5% of today's $1.40 on 78 separate days. Here is what the price did afterwards on those days — a historical base rate, not a forecast:
Computed by TLT from 12 months of daily closing prices. A base rate describes the past distribution of outcomes from similar price levels — it does not predict the future and ignores the specific news in this story. Crypto is volatile and past performance is not indicative of future results. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,911.71 (about $1.40), down 0.5% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Ripple Enters Leveraged ETF Market with Ripple Prime, Target — questions & answers
What is Ripple Prime?
Ripple Prime is a new service by Ripple that facilitates leveraged ETF financing through total-return swaps.
How big is the leveraged ETF market Ripple is targeting?
The U.S. leveraged ETF market is valued at $256 billion with 593 funds.
Why is Ripple's entry into the ETF market significant?
It signifies Ripple's expansion into traditional finance, aiming to reduce fees and counterparty risks while increasing efficiency.
How much is 1 XRP worth in naira today?
About ₦1,911.71 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.40. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 0.72% since this brief first published — trading at $1.40 now versus $1.39 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoNews. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.