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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Teucrium Investment Advisors is set to launch a 2X leveraged XRP ETF on April 8, marking an unusual debut for the cryptocurrency. The fund, listed on NYSE Arca, aims to deliver twice the daily performance of Ripple’s XRP token, targeting short-term traders.
- Teucrium's XXRP ETF offers 2X daily leverage on XRP's performance, targeting short-term traders with a 1.85% fee.
- The SEC is reviewing multiple spot XRP ETF applications, signaling potential expansion in crypto investment vehicles.
- The launch follows the SEC's dismissal of its case against Ripple, which settled for $50 million.
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Other Tags: BitWise, Franklin Templeton, Sebastian Sinclair, Canary Capital, NYSE Arca, Ripple Labs, WisdomTree