Alternative asset management company Teucrium Investment Advisors LLC has launched a leveraged ETF linked to XRP

2025-04-08 09:18:00

Collection

ChainCatcher news, according to Bloomberg, alternative asset management company Teucrium Investment Advisors LLC has officially launched a leveraged ETF linked to the cryptocurrency XRP, marking the first product of its kind to offer such exposure in the U.S. market. XRP is the fourth largest cryptocurrency by market capitalization, valued at approximately $111 billion, and is also the core asset in the recent investigation by U.S. regulators into Ripple Labs Inc.

According to Teucrium's official website, the product named "Teucrium 2x Long Daily XRP ETF" will achieve double leveraged returns on daily XRP returns through swap contracts and will officially list on the trading platform on Tuesday, with the trading code XXRP and an annual expense ratio of 1.85%.

Teucrium was founded in 2010 and currently manages assets totaling $311 million, with 12 ETFs covering various alternative markets.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

ETF Key Events

Summarize key events such as applications, approvals, and listings of crypto ETFs like BTC, ETH, and SOL.

Column