First leveraged XRP ETF launches in the U.S. on Tuesday. While regular spot XRP ETFs are waiting for approval

Teucrium Investment Advisors, a company based in Vermont, is launching the first-ever XRP exchange-traded fund (ETF) in the U.S. on April 8.

This fund is a leveraged ETF, meaning it aims to give twice the daily performance of XRP, which is the fourth-largest cryptocurrency.

The fund, called Teucrium 2x Long Daily XRP ETF (XXRP), will trade on the NYSE Arca starting April 8. It comes with a 1.85% management fee and offers monthly payouts.

This is the only XRP-based ETF listed so far on the official U.S. ETF list.

Several companies, including Grayscale, WisdomTree, and Bitwise, have applied for spot XRP ETFs. However, it’s still unclear how much investor interest there will be if these spot ETFs get approved.