XRP ETF Launches, Surging Market Sees 7% Increase

The XRP price surged by 7% today as the first-ever XRP Exchange-Traded Fund (ETF) launched on US exchanges. The Teucrium 2x Long Daily XRP ETF will begin trading under the ticker XXRP on the NYSE Arca, offering investors twice the daily return of XRP. This new fund aims to provide a different avenue for exposure to the altcoin. The fund’s 1.85% management fee and monthly distributions will be paid out, with over $2 million in total assets already managed.