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XRP ETF Launches 2x Leveraged Product

Teucrium to Launch 2x Leveraged XRP ETF on NYSE Arca

  • Teucrium Investment Advisors will launch a 2x leveraged XRP ETF on April 8.
  • The ETF, named XXRP, will be listed on NYSE Arca.
  • The fund aims to provide twice the daily performance of Ripple’s XRP token.
  • A management fee of 1.85% will be charged by Teucrium.
  • XRP is currently trading at $1.87, down by 3% in the last 24 hours.

Teucrium’s XXRP ETF offers a leveraged investment option for XRP, with a management fee of 1.85%, and targets short-term traders by amplifying daily performance twofold.

Source (2.6)https://decrypt.co/313827/xrp-etf-debut-2x-leveraged-product-nyse-arca?rand=52368
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