According to Bloomberg, alternative asset manager Teucrium Investment Advisors LLC has officially launched a leveraged ETF linked to the cryptocurrency XRP, the first product in the U.S. market to offer such exposure. XRP is the world's fourth-largest cryptocurrency by market capitalization, with a market capitalization of about $111 billion. It is also a core asset in the recent U.S. regulatory investigation into Ripple Labs Inc.
The product, called the "Teucrium 2x Long Daily XRP ETF," will achieve twice the leverage return on XRP daily earnings through swaps, and will be officially listed on the trading platform on Tuesday, trading under the symbol XXRP, with an annualized fee ratio of 1.85%, according to Teucrium's official website.
The launch of this product marks another bold attempt by the traditional Financial Institution Group in the layout of cryptoassets, and also reflects the growing market attention to the potential of XRP. It is worth mentioning that there is currently no active XRP futures contract trading on mainstream commodity trading platforms in the United States, but Teucrium said in the fund prospectus that XRP futures and other financial instruments that can provide exposure to the asset may be included in the future.
Founded in 2010, Teucrium currently manages $311 million in assets and has 12 ETFs covering a wide range of alternative markets.
Alternative asset manager Teucria Investment Advisors LLC launches leveraged ETF tied to XRP
2025-04-08 01:13:00
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