First XRP ETF to launch today; Here’s what you need to know

Tuesday, April 8, is set to feature a rather unusual development as a brand new XRP exchange-traded fund (ETF) is scheduled for listing on the NYSE Arca exchange. The arrival of the ETF is unusual as it will be a 2x leveraged product designed to utilize XRP derivatives instead of holding the cryptocurrency itself.  In what Bloomberg’s senior ETF analyst, Eric Balchunas, believes might be a world first, the Teucrium Investment Advisors’ 2x XRP ETF (XXRP) will precede the long-anticipated approval of a spot token fund: A 2x XRP ETF is launching tmrw in US, the first-ever XRP ETF on the market. Very odd (maybe a first) that a new asset’s first ETF is leveraged source: https://finbold.com/first-xrp-etf-to-launch-today-heres-what-you-need-to-know/