Take Note XRP Traders: This Leveraged ETF Is ‘Designed To Be Traded Each Day’
Sal Gilbertie, President of Teucrium Trading on Monday outlined the growing momentum behind cryptocurrency ETFs, especially those beyond Bitcoin (CRYPTO: BTC).
What Happened: Speaking with CNBC, Gilbertie emphasized that regulatory openness and surging investor interest are accelerating the arrival of new, specialized crypto funds.
With regards to the success of Teucrium’s newly launched double-leveraged XRP (CRYPTO: XRP) fund, Gilbertie said, “We very much suspect that and knew, I will say, that there was demand for XRP and demand for treatable XRP product where people could get aggressive.”
The product, listed as (NYSE:XXRP), offers double exposure to XRP through derivatives and has drawn significant interest from traders seeking short-term, …
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