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The first XRP leveraged ETF was listed in the United States today, offering double daily returns.
According to a report from Bloomberg on April 8, the Deep Tide TechFlow news states that Teucrium Investment Advisors today launched the first leveraged ETF in the U.S. linked to the XRP encryption on April 8, (. The fund will trade under the code “XXRP” with a fee rate of 1.85%, aiming to provide double the daily return of XRP Token.
This move comes a few weeks after the US SEC recently withdrew its case against Ripple Labs), the founding company of XRP(, and is seen by the industry as an important signal of a shift towards a friendlier regulatory environment. XRP is currently the fourth largest Crypto Asset by market capitalization, valued at approximately $111 billion.
Teucrium CEO Sal Gilbertie stated that despite the significant drop in the Crypto Assets market due to Trump’s tariff policies, “it is a wise move to launch products during a price slump,” and noted that XRP has generated great interest among investors.
Analysts believe that the launch of such ETFs may pave the way for more future Crypto Assets spot funds, similar to the development path of Bitcoin and Ethereum ETFs.