BlockBeats News, April 8th, Alternative asset management company Teucrium Investment Advisors LLC has launched a leveraged exchange-traded fund (ETF) related to the cryptocurrency Ripple (XRP). Reportedly, the Teucrium 2x Long Daily XRP ETF (XXRP) aims to provide two times the daily return of the XRP token through derivatives and began trading on Tuesday. This product will be the first ETF in the United States to offer exposure to XRP.

XRP is the world's fourth-largest cryptocurrency, with a market capitalization of around $111 billion, created by the U.S.-based cryptocurrency company Ripple. Just last week, the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against Ripple, similar to a series of enforcement actions against companies like Coinbase and Binance that were dropped when Trump, who is supportive of cryptocurrency, took office. Ripple CEO Brad Garlinghouse stated last month that this development "provided a lot of certainty for Ripple."

Due to Trump's tariff policy triggering a significant sell-off, cryptocurrency has almost wiped out all its gains since Trump won the election. Sal Gilbertie, Founder and CEO of Teucrium, stated, "What better time is there to launch a product than when prices are lower?" He mentioned that XRP has garnered significant investor interest and, given the leveraged nature of the company's fund, may attract more investors.

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