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.

XRP-8.69%
ARCA-10.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)