The first XRP ETF in the US market is set to launch on Tuesday

BlockBeats News, April 8th, according to The Block, asset management company Teucrium Investment Advisors LLC will launch a leveraged XRP ETF on Tuesday, Teucrium 2x Long Daily XRP ETF (XXRP).

This is the first XRP-based ETF in the U.S. market, and the fund aims to provide investment results that correspond to twice the daily performance of XRP. XXRP will begin trading on April 8th on the New York Stock Exchange Arca, with a monthly distribution management fee of 1.85%.

An analyst noted that the likelihood of a spot XRP ETF being approved this year has increased, but the demand for such funds remains uncertain.