$XRP 🔥The 2x leveraged XRP ETF from Teucrium (XXRP) is experiencing strong demand from investors, reaching a cumulative trading volume of 120 million dollars.

The rise coincides with XRP's own rally to a four-month high of 2.97 dollars and a strong increase in new wallet activity, according to Santiment.

This momentum has revived market discussions around a possible spot XRP ETF, with approval odds now projected at 95%. Investor interest in XRP-based financial instruments is rapidly growing, with the Teucrium 2x Long Daily XRP ETF (XXRP) showing a notable increase in trading activity.

This leveraged exchange-traded fund, which uses swap agreements to attempt to deliver double the daily return of XRP, has become a popular option for traders betting on short-term price action. The leveraged XRP ETF reaches 249 million in AUM

On June 11, Bloomberg ETF analyst Eric Balchunas reported that the product was trading at 4x or 5x its usual volume.

According to him, the fund's activity increased by 27% in 24 hours and 55% last week. This helped boost the product's cumulative volume to approximately 120 million dollars.