The asset manager Teucrium Investment Advisors is set to launch the first XRP -based funds based on the US market, a leveraged XRP (ETF) at the NYSE ARCA.
Teucrium 2x Long Daily XRP ETF will be looking for investors twice in the day -to -day return of XRP (XRP) token with 1.85% management fees and annual cost ratio, According to on the company’s website. ETF -based XRP is a merchant under the XXRP ticker beginning April 8.
“If you have a short-term high-conviction view of XRP prices, you may consider exploring Teucrium 2x long daily XRP ETF,” the asset manager said.
XXRP currently has $ 2 million worth of net assets.
Details of Teucrium’s soon-to-be launched XXRP ETF. Source: Teucrium
Teucrium Founder and CEO Sal Gilbertie said Bloomberg on April 7 whose investors showed strong interest in an XRP ETF and indicated that it could file to list more Crypto ETFs in the future.
Gilbertie is also pleased to launch the XXRP in a market collapse that is largely driven by us President Donald Trump’s tariffs.
“What is the better time to launch a product than when the prices are low?” Gilbertie told Bloomberg.
Usually an approved spot XRP ETF is still high: Analyst
Bloomberg ETF Analyst Eric Balchunas Says It is “very friendly” to see the first ETF of a new possession came in leveraged form -however, he added that the odds of a place XRP ETF approved remains “relatively high.”
Source: Eric Balchunas
Many applications of XRP ETF from Grayscale’s preference, Bitwise, Franklin Templeton, Canary Capital and 21shares will be reviewed by the Securities and Exchange Commission.
In February, Balchunas and fellow Bloomberg ETF analyst James Seyffart 65% odds with approval somewhere XRP ETF in 2025.
Polymarket market predictions are currently a 75% chance that the SEC is Approve an area XRP ETF in 2025.
Related: XRP price sell-off set to speed in April as opposite cups and hold hints with 25% decline
Until recent Files for XRP ETF As Ripple Labs-the creators of the XRP token-and the SEC fought in a four-year conflict in court on XRP security status.
That case ended last month.
The Teucrium has gathered more than $ 310 million worth of possessions under management since it was established in 2010.
It offers most Goods in agricultureLike ETFs that monitor the likes of corn, soybeans, sugar and wheat.
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