Teucrium Launches First Leveraged XRP ETF in the US
- Teucrium is introducing the first leveraged ETF linked to XRP, trading under the ticker XXRP.
- The ETF aims to deliver twice the daily return of XRP using swap agreements.
- A management fee of 1.89% will be charged for the XXRP ETF.
- The fund will use benchmarks like CME CF XRP-Dollar Reference Rate for pricing.
- Teucrium manages $311 million in assets and focuses on alternative investment ETFs.
The Teucrium 2x Long Daily XRP ETF, trading as XXRP, offers a leveraged investment opportunity by aiming to double XRP’s daily returns with a management fee of 1.89%.
Source (2.6)https://cryptobriefing.com/first-leveraged-xrp-etf-us/?rand=59535
