Ripple Prime, Ripple's institutional brokerage arm, has started financing leveraged ETFs through stock swap arrangements, a service traditionally provided by major Wall Street banks. The firm finances funds like the Tradr 2X Long SNDK Daily ETF, charging a rate based on overnight bank funding costs plus four percentage points. This move expands Ripple's brokerage services beyond digital assets into equity derivatives and financing, supported by recent capital raises totaling $475 million. The development positions Ripple Prime as a growing player in institutional finance, although XRP's price showed little reaction to this expansion.
Ripple's new leveraged ETF financing push is the subject, with Pluang market data as of Oct 08, 2026 13:41 WIB. For readers following cryptocurrency trends, here is Pluang's market snapshot: out of 50 major cryptocurrencies, 10 rose and 39 fell today. XRP was priced at Rp25.033 with a 1-day change of -4.99%, a typical hold time of 71 days, and Pluang order activity showing 16% Sell and 84% Buy.
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