The NYSE Arca has just approved the listing of Teucrium’s new 2X Long Daily XRP ETF, marking a significant milestone for the cryptocurrency industry. This move bridges the gap between digital currencies and traditional finance by offering leveraged exposure to XRP, a popular crypto asset. The ETF operates under the Listed Funds Trust and utilizes various strategies to engage with the cryptocurrency market. Teucrium’s previous authorization for Bitcoin futures in 2022 further strengthens their entry into the XRP space. Should demand for these leveraged products increase, this could lead to higher volatility in spot prices due to increased institutional activity.