Teucrium Launches Leveraged XRP ETF for Double Returns

Teucrium Investment Advisors has introduced the first leveraged exchange-traded fund (ETF) specifically tied to Ripple’s cryptocurrency, XRP. Named the Teucrium 2x Long Daily XRP ETF and traded under the symbol XXRP, this new ETF comes with an expense ratio of 1.85% and is now publicly available in the United States. This innovative product seeks to deliver double the daily returns on XRP, following closely on the heels of the U.S. Securities and Exchange Commission’s (SEC) withdrawal of its lawsuit against Ripple Labs.