Teucrium to launch first leveraged XRP ETF in the U.S.

Teucrium Investment Advisors LLC is expected to launch the very first Levary Levary Fund XRP in the United States, following the approval of the Securities and Exchange Commission.

The fund, called the 2x long XRP ETF TEUCRIUM, will begin to negotiate on NYSE ARCA under the Ticker XXRP on Tuesday April 8, as a reported by Bloomberg. The fund is designed to offer the daily return of XRP twice (Xrp) Using swap agreements.

For example, the ETF will increase by 2% if XRP increases by 1% and will lose twice as much if XRP decreases. He will charge 1.89%management fees, in accordance with the company prospectusAnd is intended for short -term active investors who have a strong vision of the daily movements of XRP.

Teucrium will use several indices and FTEs, such as the reference rate CF CF XRP-Dollar and a basket of XRP ETPs listed in Europe, such as those of 21Shares, Bitwise, Wisdomtree and Coinshares, to determine the prices of exchanges. These foreign products will serve as initial references because there is currently no ETF XRP trading in the United States.

TeUcrium, an active manager based in Vermont supervising $ 311 million in assets, previously launched an ETF Bitcoin Futures in April 2022 under the ACT Securities of 1933, which makes it familiar with ETF structures linked to crypto-liaison. The company also plans to introduce a 2x Daily ETF XRP 2x, giving traders a way to take advantage of XRP price reductions.

Bloomberg ETF analyst, Eric Balchunas, underlined in a post from April 8 to April 8 that it is unusual that the first ETF of an asset is a leverage product. He also indicated that expectations for the approval of an ETF XRP spot remain strong, although none is yet available.

This launch comes after Ripple Labs and the SEC recently reached $ 50 million settlementwhich ended an extended legal dispute on the XRP classification. With the regulatory clarity of the dry, the CEO of Ripple Brad Garlinghouse has shown increasing confidence in the ETF XRP.

In an interview on March 19 with Bloomberg, shortly after the regulatory victory, he foreseen This XRP ETF spot could be launched in the second half of 2025. A number of asset managers have already laid With the dry for Spot XRP ETF, notably Bitwise, Canary Capital, 21Shares, Wisdomtree, Coinshares, Grayscale and Franklin Templeton.