標題：Teucrium Investment Advisors將在美國首次亮相XRP交易所交易基金（ETF）

Teucrium 2X XRP ETF（XXRP）為投資者提供了2倍的槓桿率，可接觸緊密相關的連鎖令牌。 XXRP將開始在NYSE ARCA上進行交易

Crypto derivatives provider Teucrium will launch a 2x leveraged exchange-traded fund (ETF) tracking the closely related Ripple (CRYPTO: XRP) token on Tuesday.

加密衍生產品提供商Teucrium將於週二推出2倍槓桿交易所交易基金（ETF），該基金（ETF）在周二跟踪密切相關的波紋（加密：XRP）代幣。

What Happened: Teucrium’s 2x leveraged ETF, named Teucrium 2x Next Generation Netcoins Trust (XXRP), will begin trading at the New York Stock Exchange Arca.

發生了什麼：Teucrium的2倍槓桿ETF，名為Teucrium 2X Netcoins Trust（XXRP），將開始在紐約證券交易所ARCA進行交易。

This comes even before a standard “spot” XRP ETF, which directly tracks the token’s price, has been approved by regulators.

甚至在直接跟踪令牌價格的標準“斑點” XRP ETF之前，這是在監管機構批准的。

“Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, although our odds are pretty high,” Bloomberg Intelligence analyst Eric Balchunas said in an X post.

彭博社情報分析師埃里克·巴爾庫納斯（Eric Balchunas）在X帖子中說：“非常奇怪（也許是第一個）新資產的第一個ETF被槓桿化。

Typically, ETFs tracking emerging assets like cryptocurrencies begin with unleveraged ‘spot’ funds before more complex leveraged products are introduced.

通常，在引入更複雜的槓桿產品之前，跟踪加密貨幣等新興資產（如加密貨幣）的ETF開始。

Teucrium will charge a management fee of 1.85%. The firm pointed out that XRP’s price volatility and declining usage on the Ripple network could pose challenges to the fund’s performance.

Teucrium將收取1.85％的管理費。該公司指出，XRP的價格波動和波紋網絡的使用下降可能會對基金的績效構成挑戰。

“Despite the token’s widespread adoption, concerns remain regarding its market stability and potential for sustained price appreciation,” Teucrium added.

Teucrium補充說：“儘管令牌廣泛採用，但仍然關注其市場穩定性和持續價格升值的潛力。”

Earlier this year, the U.S. Securities and Exchange Commission (SEC) ruled that its 1940 Act does not permit leveraged ETFs to be listed. However, in July, the regulator granted approval for two leveraged Bitcoin (CRYPTO: BTC) ETFs from ProShares.

今年早些時候，美國證券交易委員會（SEC）裁定其1940年法案不允許列出槓桿ETF。但是，在7月，監管機構批准了Proshares的兩個槓桿比特幣（加密：BTC）ETF。

Later this week, the SEC is set to decide on several spot XRP ETF proposals submitted earlier this year.

本週晚些時候，SEC將決定今年早些時候提交的幾個XRP ETF提案。

Key Takeaways: Teucrium’s 2x leveraged ETF on Ripple’s XRP token will make its debut on Tuesday. The move comes amid a flurry of applications for spot XRP ETFs still under SEC review.

關鍵要點：Teucrium在Ripple的XRP令牌上的2倍槓桿ETF將於週二首次亮相。此舉是在仍在SEC審查中的Spot XRP ETF的一系列應用中進行的。

Major fund managers, including WisdomTree (NYSE:WMT), Bitwise, 21Shares,Canary Capital, and Franklin Templeton, have filed proposals to bring unleveraged XRP ETFs to market.

包括WisdomTree（NYSE：WMT），Bitwise，21shares，Canary Capital和Franklin Templeton在內的主要基金經理已提出提議，以將未掌握的XRP ETF推向市場。

The SEC has previously acknowledged these applications, and decisions are expected in the coming months.

SEC先前已承認這些申請，並預計未來幾個月的決定。

Earlier this year, the SEC permitted the launch of leveraged Bitcoin ETFs, but it had previously stated that its 1940 Act does not permit leveraged ETFs.

今年早些時候，SEC允許推出槓桿比特幣ETF，但此前曾表示，其1940年的法案不允許槓桿ETF。

The regulator is set to make a decision on several spot XRP ETF proposals from major asset managers this week.

監管機構將在本週的主要資產管理人員的幾個位置XRP ETF提案中做出決定。