On April 8, alternative asset management company Teucrium Investment Advisors LLC launched a leveraged exchange-traded fund (ETF) related to the cryptocurrency XRP. The Teucrium 2x Longing Daily XRP ETF (XXRP) aims to provide two times the daily return of XRP tokens and began trading on Tuesday. This product will be the first ETF in the United States to offer exposure to XRP.

XRP is the fourth-largest cryptocurrency globally, with a market capitalization of approximately $111 billion, created by the US cryptocurrency company Ripple. Just last week, the US Securities and Exchange Commission (SEC) dropped its lawsuit against Ripple, similar to a series of enforcement actions against companies like Coinbase and Binance that were abandoned after Trump took office. Ripple's CEO Brad Garlinghouse stated last month that this development "provides a lot of certainty for Ripple".

Due to Trump's tariff policies, cryptocurrencies have almost erased all gains since Trump won the election. Teucrium's founder and CEO Sal Gilbertie said, "What could be a better time to launch a product than when prices are low?" He noted that XRP has generated significant investor interest and may attract more investors due to the leveraged nature of the company's funds.

BiyaPay, as the world's first multi-asset trading wallet, has now opened instant conversion between fiat and digital currencies, allowing participation in US and Hong Kong stock markets using USDT, zero-fee spot/contract Maker, B2C compliant withdrawal channels, and safe withdrawals without card freezing, effectively avoiding fund freezing risks in traditional OTC/C2C trading.