Teucrium Launches First Leveraged XRP ETF in U.S., Aiming for Double Daily Returns

Teucrium Investment Advisors LLC has launched the first leveraged XRP exchange-traded fund (ETF) in the United States, seeking to double daily returns on the cryptocurrency. The fund, named the Teucrium 2x Long Daily XRP ETF, will commence trading on NYSE Arca under the ticker XXRP on Tuesday, April 8th, according to Bloomberg. This ETF utilizes swap agreements to aim for twice the daily movement of XRP.