PANews reported on April 8 that according to Bloomberg, Teucrium Investment Advisors launched the first leveraged ETF linked to the cryptocurrency XRP, "Teucrium 2x Long Daily XRP ETF", with the code XXRP and an expense ratio of 1.85%, which was listed in the United States today. The ETF aims to provide a double return on XRP every day, and the issuance time is close to the US SEC's withdrawal of the lawsuit against Ripple.

According to Bloomberg ETF analyst Eric Balchunas, this situation is extremely rare in ETF history. Although the spot XRP ETF has not yet been approved, its possibility of approval is currently considered high by the industry.