Teucrium Investment Advisors has launched the first-ever leveraged exchange-traded fund (ETF) tied to XRP in the United States.
The Teucrium 2x Long Daily XRP ETF will start trading on NYSE Arca under the ticker XXRP.
The fund gains exposure to XRP through total return swap agreements with third-party XRP benchmarks and European-listed exchange-traded products (ETPs).
The launch indicates growing regulatory comfort with derivative-based crypto products, even as spot ETFs remain under review.