Buying Power of XRP vs. Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares at New 52-Week High
By CryptocurrenciesChannel Staff, 6/3/2023
Here at CryptocurrenciesChannel.com
, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 6/3/2023, XRP ($XRP) can buy you the most
amount of Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares shares, in the past year. For example, if you had 100 XRP coins and wished to buy shares of SPXS with the proceeds, you would now be able to buy 3.32 shares of SPXS. That's versus a low amount of 1.02 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares shares, relative to the performance of XRP; and here's how the two compare over the past year on a total return basis:
Check out our XRP historical price chart
and Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the SPXS returns.
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