ETF issuer Teucrium will launch an inverse XRP ETF

ChainCatcher news, according to CoinDesk, exchange-traded fund issuer Teucrium announced plans to launch an inverse XRP ETF to allow investors to profit from a decline in XRP prices, but a demand assessment is required.

In addition, Teucrium has launched the first XRP exchange-traded fund in the U.S., the Teucrium 2x Long Daily XRP ETF, which aims to provide double the daily return of XRP through swap agreements and uses European exchange-traded products as a reference rate.