Comparing XRP Versus Direxion Daily Standard and Poors 500 Bear 1X Shares Reveals New Low
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 Daily Standard and Poors 500 Bear 1X Shares shares, in the past year. For example, if you had 100 XRP coins and wished to buy shares of SPDN with the proceeds, you would now be able to buy 3.49 shares of SPDN. That's versus a low amount of 1.71 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 Daily Standard and Poors 500 Bear 1X 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 Daily Standard and Poors 500 Bear 1X Shares vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the SPDN returns.
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