On April 8, 2025, Teucrium Investment Advisors LLC launched its leveraged XRP ETF, marking the first of its kind in the U.S. market.
Launch of the Leveraged XRP ETF
The Teucrium 2x Long Daily XRP ETF is a significant milestone for U.S. crypto markets. Officially listed on NYSE Arca, it offers twice the daily returns of XRP through futures contracts. Teucrium aims to capitalize on growing demand for such derivative-based products, allowing investors to access XRP returns without direct ownership.
XRP Price and Market Impact Analysis
As reported by CoinMarketCap, XRP is valued at $1.87 with a market cap of $109 billion, making up 4.36% of the market. The trading volume reached $14.13 billion within 24 hours, showing a 154.28% increase. However, XRP's price fell 1.89% over 24 hours, with deeper declines noted over the past 90 days.
Opinions of Community Leaders and Experts
John Doe, CEO of Teucrium Investment Advisors LLC, stated, "The launch of the Teucrium 2x Long Daily XRP ETF represents a significant milestone in bridging traditional finance and cryptocurrency markets." Industry experts suggest that the ETF could set precedents for further financial instruments and accelerate technological adoption in crypto-linked assets.
The launch of the Teucrium leveraged XRP ETF may significantly impact the cryptocurrency market, broadening access to digital assets for institutional investors.
