Teucrium Launches 2x Leveraged XRP ETF Amid Spot ETF Application Wave

Edited by: Yuliya Shumai

On April 8, Teucrium Investment Advisors launched a 2x leveraged XRP ETF (XXRP) on NYSE Arca. This fund aims to provide twice the daily performance of Ripple's XRP token, targeting short-term traders with a 1.85% management fee. The launch occurs amidst pending SEC decisions on multiple spot XRP ETF applications from firms like WisdomTree and Bitwise, following the SEC's approval of spot Bitcoin ETFs in January 2024. XRP is currently trading at $1.87, down 3% over the previous 24 hours.

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