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