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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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The first XRP ETF in the American market will be launched on Tuesday.
According to BlockBeats news on April 8, Teucrium Investment Advisors LLC will launch a leveraged XRP ETF on Tuesday, the Teucrium 2x Long Daily XRP ETF (XXRP), as reported by The Block. This is the first XRP-based ETF in the U.S. market, and the fund aims to provide investment results corresponding to two times the daily price performance of XRP. XXRP will begin trading on April 8 on the NYSE Arca, with a monthly management fee rate of 1.85%. An analyst stated that the likelihood of a Spot XRP ETF being approved this year has increased, but the demand for such funds remains uncertain.