Teucrium Launches First Leveraged ETF Linked to XRP, Revolutionizing US Crypto Market

On April 8th, COINOTAG News reported that Teucrium Investment Advisors LLC, a notable player in the alternative asset management sphere, has launched the first leveraged ETF linked to XRP, marking a significant milestone in the US financial landscape. This new product, known as Teucrium 2x Long Daily XRP ETF, aims to provide investors with double the leverage return on XRP’s daily performance via futures contracts. Currently, XRP boasts a market capitalization of about $111 billion, making it the fourth largest cryptocurrency globally and central to ongoing regulatory scrutiny of Ripple Labs Inc.

Listed under the ticker symbol XXRP, this innovative ETF will see an annual expense ratio of 1.85% and is set to debut on Tuesday. The introduction of this ETF underscores the growing interest from traditional financial entities in the crypto market and indicates a robust conviction in the future potential of XRP. While active XRP futures contracts are not currently traded on major US commodity exchanges, Teucrium has stated in its fund prospectus that it may explore future offerings to enhance exposure to this cryptocurrency asset.

Founded in 2010, Teucrium manages assets worth $311 million across 12 ETFs, diversifying its focus within various alternative markets and positioning itself as a forward-thinking entity in the evolving landscape of cryptocurrency investments.