Teucrium plans to launch a reverse XRP ETF, with its XRP ETF reaching a trading volume of 5 million US dollars

Odaily Planet Daily reports that the first US XRP exchange-traded fund (ETF), Teucrium 2x Long Daily XRP ETF, has been listed with a trading volume reaching $5 million, ranking in the top 5% of newly launched ETFs. This ETF aims to provide twice the daily return of XRP through swap agreements, using European Exchange Traded Products as a reference rate. In addition, Teucrium revealed plans to launch an inverse XRP ETF for investors to profit from a drop in XRP prices, but this requires demand assessment.