Mars Finance News, on April 8, according to Bloomberg, alternative asset management company Teucrium Investment Advisors LLC officially launched a leveraged ETF linked to the cryptocurrency XRP, which is the first product in the US market to provide such exposure. XRP is the fourth-largest cryptocurrency by global market capitalization, with a market value of approximately $111 billion, and is the core asset in the recent investigation of Ripple Labs Inc. by US regulators. According to Teucrium's official website, this product named "Teucrium 2x Longing Daily XRP ETF" will achieve a two-fold leveraged return on XRP's daily earnings through swap contracts, and will be officially listed on the trading platform on Tuesday with the trading code XXRP and an annual fee rate of 1.85%. The launch of this product marks another bold attempt by traditional financial institutions in the layout of crypto assets and reflects the increasing market attention to XRP's potential. It is worth mentioning that currently, mainstream commodity trading platforms in the US do not have active XRP futures contract trading, but Teucrium stated in the fund prospectus that it may include XRP futures and other financial instruments that can provide exposure to this asset in the future. Teucrium was established in 2010 and currently manages assets worth $311 million, with 12 ETFs covering various alternative markets.