EddieJayonCrypto

 8 Apr 25

tl;dr

Teucrium Investment Advisors, a U.S.-based asset manager, will launch a 2x leveraged XRP exchange-traded fund (ETF) on April 8, listed on NYSE Arca. Bloomberg's Senior ETF Analyst noted the unusual nature of this launch. The fund aims to provide twice the daily performance of Ripple’s XRP token for ...

Teucrium Investment Advisors, a U.S.-based asset manager, will launch a 2x leveraged XRP exchange-traded fund (ETF) on April 8, listed on NYSE Arca. The fund aims to provide twice the daily performance of Ripple's XRP token for short-term trading and will have a 1.85% management fee.

The SEC is still reviewing spot XRP ETF applications, with pending decisions potentially bringing more XRP investment vehicles to the market in the near future. The SEC's approval of spot Bitcoin ETFs in January 2024 has sparked increased interest in ETFs tied to other cryptocurrencies, including XRP.

Teucrium's ETF launch follows the SEC's decision in March to drop a years-long case against XRP token creators Ripple, which has led to a surge in applications for spot ETFs based on altcoins. XRP is currently trading at $1.87, down 3% over the previous 24 hours.

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