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Teucrium launched the first leveraged XRP ETF in the United States.
According to Gate.io News bot, Bloomberg reported that alternative asset management company Teucrium Investment Advisors LLC has officially launched the “Teucrium 2x Long Daily XRP ETF”, which is the first leveraged ETF product linked to XRP in the U.S. market.
The ETF achieves double leveraged returns on daily XRP yields through swap contracts. Teucrium was established in 2010 and currently manages assets totaling $311 million.