Teucrium Investment Advisors is launching a 2x leveraged ETF for XRP, identified by the ticker XXRP. This ETF aims to provide double the daily returns of XRP with a management fee of 1.85%. The launch coincides with a significant regulatory shift after the dismissal of the SEC’s lawsuit against Ripple Labs.
Post-Trump’s election, the crypto market faced challenges, affecting price stability. Teucrium’s CEO, Sal Gilbertie, commented that launching new products during market dips could attract keen investor interest. The company may also consider incorporating XRP futures or related products in the future.
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