Teucrium Investment Advisors is preparing to introduce the first XRP-based ETF in the United States, with a leveraged version in XRP to be launched on NYSE Arca.
Dubbed the Teucrium 2x Long Daily XRP ETF, it aims to offer twice the daily return of the XRP token, with a management fee and annual expense ratio of 1.85%, the company's website details.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
The ETF will trade under the ticker XXRP and will be available from April 8.
In a conversation with Bloomberg on April 7, Teucrium founder and CEO Sal Gilbertie noted strong investor interest in an XRP ETF and suggested that more cryptocurrency ETF filings could follow.