Bloomberg: The new altcoin ETF is launched, and Wall Street's enthusiasm for encryption investment is once again put to the test.

BlockBeats news, on April 8, according to Bloomberg, alternative asset management company Teucrium Investment Advisors LLC has officially launched a leveraged ETF linked to the crypto asset XRP, marking the first product of its kind offering such exposure in the U.S. market. XRP is the fourth largest crypto asset by market capitalization globally, with a market cap of approximately $111 billion, and it is also a core asset in the recent investigation by U.S. regulators into Ripple Labs Inc. According to Teucrium's official website, the product named "Teucrium 2x Long Daily XRP ETF" will achieve double leveraged returns on daily XRP returns through swap contracts and will officially list on Tuesday on the trading platform with the trading code XXRP, with an annual fee rate of 1.85%. The launch of this product marks another bold attempt by financial institutions in the layout of crypto assets, reflecting the increasing market attention to the potential of XRP. Notably, there are currently no active XRP futures contract trades on mainstream U.S. commodity trading platforms, but Teucrium stated in its fund prospectus that it may incorporate XRP futures and other financial instruments that can provide exposure to this asset in the future. Teucrium was founded in 2010 and currently manages assets totaling $311 million, with 12 ETFs covering various alternative markets.