💥 XRP receives its first American ETF — and with leverage
Teucrium launches the first XRP-based ETF in U.S. history on April 8 — and it will be with 2x leverage.
➡️ Introducing XXRP
🟡 Traded on NYSE Arca under the ticker XXRP
🟡 Offers a daily return of 2x on XRP
🟡 Management fee — 1.85%
🟡 Launch with assets of $2 million
➡️ Why now?
CEO Sal Gilbertie says demand is high — and the launch during the market downturn makes this a "perfect entry." Teucrium, known for its soybean, wheat, and corn ETFs, is now entering the cryptocurrency market.
➡️ Next — Spot ETF?
🟡 Analysts estimate that the probability of approval for the Spot XRP ETF in 2025 is 65-75%
🟡 Documents from Grayscale, Bitwise, 21Shares are under review by the SEC
🟡 The SEC case against Ripple was finally concluded in March
A new era for gaining exposure to XRP begins — with the use of leverage.
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