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Teucrium plans to launch a Reverse XRP ETF, with its XRP ETF trading volume reaching 5 million dollars.
The first XRP exchange-traded Teucrium 2x Long Daily XRP ETF in the U.S. has been listed at $5 million, making it one of the top 5% of newly launched ETFs, which aims to provide twice the daily return of XRP through a swap agreement, with a European exchange-traded product as a reference rate. In addition, Teucrium revealed plans to launch an inverse XRP ETF so that investors can profit from the decline in XRP price, subject to a needs assessment. (CoinDesk)