Teucrium Investment Consultants launched the first leveled stock market investment fund (ETF) in the United States of America. Officially, the Fund, Teucrium 2x Long Daily XRP ETF, will start trading at NYSE Arca today under Ticket XXRP.
Leveled XRP ETF does us for the first time
The ETF is structured in a way that offers twice the daily return by using synthetic exposure through swap agreements instead of direct spot market purchases. Accordingly Prospectus The fund, which is filed with the US Securities and Stock Exchange Commission (SEC), will not invest directly in XRP or XRP term transaction contracts. Instead, it is exposed to a mixture of third -party XRP comparisons and a mixture of a daily value calculated based on a mixture of the products (ETPs) traded on the European list.
Although Spot ETFs listed in the USA are not available, the clearing pricing methodology of the fund is based on international trading vehicles. These include 21shares ETP, Bitly Physical ETP, Virtune ETP, WisdomTree Physical ETP and Coinshares Physical ETP. In addition, the CME CF XRP-dolar reference ratio and the CME CF XRP-dolar real-time index are used as part of the valuation framework and adapt to corporate criteria.
Teucrium has a reflection of the complex structure of the fund and the trust in multiple synthetic reference instruments, by placing it at a higher end of the cost spectrum between crypto -related ETFs, set a 1.85%management fee.
The recording of the Fund and the Nyse Arca’s list of NYSE Arca shows that even if the Spot ETFs are reviewed, it is a regulatory comfort that grows with derivative -based crypto products. Teucrium, a company organized by CFTC with assets of $ 311 million, is especially known in agricultural markets with its best commodity ETFs. The Teucrium Bitcoin Festive Fund, one of the first Bitcoin ETFs approved by the law of securities dated 1933, had broken ground with the funds of Bitcoin.
The Company also prepares a decrease equivalent of Teucrium 2x short -day ETF – which will provide a leverage reverse exposure to daily price drops. This product remains on the pipeline according to the applications of the company.
The launch takes place in the middle of the increasing momentum for Spot Altcoin ETFs in the United States. On April 3, the US Senate Banking Committee voted for 13 to 11 votes to ensure that Paul Atkins was nominated as the new president of the Securities and Stock Exchange Commission (SEC).
Ripple CEO Brad Garlinghouse said in an interview that he expects more than one ETF to be released in the US in the second half of 2025.
The potential of market giants such as Blackrock and Fidelity to follow the case was not noticed. ETF Store President Nate Gerraci said that both investment giants expect to follow the case.
The press was traded at the time of XRP at $ 1.90.
The featured picture created with DALL.E, graphics from tradingView.com
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