Teucrium Debuts First US Leveraged XRP ETF – Coincu

Teucrium Investment Advisors launched the first US leveraged XRP ETF, seeking to provide double daily returns for investors through swap agreements.

This launch may signal growing acceptance and integration of crypto derivatives in mainstream finance.

XRP ETF Launch Sees $5 Million Opening Volume

Teucrium Investment Advisors has introduced the first leveraged XRP ETF in the US, known for aiming at delivering double the daily returns of XRP. This strategic move follows the departure of previous SEC leadership and utilizes swap agreements referencing European XRP exchange-traded products due to the absence of suitable US spot listings.

The launch expects heightened interest in XRP by providing retail investors a new avenue to capture its volatile market movements. The “Teucrium 2x Long Daily XRP ETF” debuted with a notable $5 million trading volume, landing it among the top ETF launches by performance.

Sal Gilbertie, CEO of Teucrium, remarked on the product launch, “XRP has established itself as a key player in the digital asset space, and XXRP provides a unique opportunity for investors to capitalize on its potential with a leveraged strategy, all within the familiar structure of an ETF.”

Teucrium’s Bold Move and Implications for XRP Market

Did you know? Teucrium’s XRP ETF debut volume of $5 million substantially outperformed many predecessors, such as the Solana 2x ETF, highlighting increased investor interest in crypto-based ETF products.

As per CoinMarketCap, XRP is currently valued at $2.28 with a market cap of $133.19 billion. The 24-hour trading volume reached $4.12 billion, with a notable increase of 50.98%. XRP has experienced a 7.48% rise over seven days, despite a 26.99% decline over the past three months.

The Coincu research team notes that Teucrium’s groundbreaking ETF introduction has the potential to increase XRP’s visibility and mainstream adoption significantly. This could usher in heightened interest from institutional investors, fostering further developments in crypto-asset ETFs.