Teucrium Files Inverse XRP ETF

Teucrium has filed for an inverse XRP ETF, marking a significant step in the growth of US-based cryptocurrency products. The 2x Short Daily XRP ETF aims to capture potential downturns in XRP prices by reflecting double-the-daily decline in its value, leveraging swap agreements to achieve this. The fund was launched on April 8th, following in the footsteps of Teucrium’s successful launch of a 2x Long Daily XRP ETF that generated $5 million in trading volume on its first day, according to Bloomberg analyst Eric Balchunas. This performance placed it among the top 5% of new ETF launches.