Teucrium Investment Advisors is set to launch a 2x leveraged XRP Exchange-Traded Fund (ETF) on April 8, 2025, listed on NYSE Arca. This ETF, named XXRP, aims to double the daily performance of Ripple's XRP token and targets short-term traders. Despite ongoing applications for spot XRP ETFs awaiting U.S. Securities and Exchange Commission (SEC) approval, Teucrium's leveraged product arrives first in the market. The company plans to charge a management fee of 1.85% for the fund. The SEC recently dropped a lengthy investigation against Ripple Labs, although the firm agreed to pay a $50 million settlement related to unregistered XRP sales. Market analyst Eric Balchunas noted the unusual nature of launching a leveraged product prior to a spot ETF. This development is part of a wider surge in ETF applications for various cryptocurrencies, including XRP, amid changing regulatory narratives surrounding digital assets.

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