Teucrium Launches Leveraged XRP ETF, Offering Double Daily Performance

Wall Street firm Teucrium Investment Advisors has introduced a leveraged exchange-traded fund (ETF) that tracks XRP, the cryptocurrency linked to Ripple Labs and embroiled in years of legal battles with US regulators. The new fund, named the Teucrium 2x Long Daily XRP ETF, aims to replicate twice the daily price movement of XRP and will begin trading on Tuesday under the ticker XXRP, according to information provided on Teucrium’s website. This marks the first time a U.S.-based ETF offers leveraged exposure to XRP, currently valued at approximately $111 billion and ranking as the fourth-largest crypto asset by market capitalization.