标题：Teucrium Investment Advisors将在美国首次亮相XRP交易所交易基金（ETF）

Teucrium 2X XRP ETF（XXRP）为投资者提供了2倍的杠杆率，可接触紧密相关的连锁令牌。 XXRP将开始在NYSE ARCA上进行交易

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

加密衍生产品提供商Teucrium将于周二推出2倍杠杆交易所交易基金（ETF），该基金（ETF）在周二跟踪密切相关的波纹（加密：XRP）代币。

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.

发生了什么：Teucrium的2倍杠杆ETF，名为Teucrium 2X Netcoins Trust（XXRP），将开始在纽约证券交易所ARCA进行交易。

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价格的标准“斑点” XRP ETF之前，这是在监管机构批准的。

“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.

彭博社情报分析师埃里克·巴尔库纳斯（Eric Balchunas）在X帖子中说：“非常奇怪（也许是第一个）新资产的第一个ETF被杠杆化。

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

通常，在引入更复杂的杠杆产品之前，跟踪加密货币等新兴资产（如加密货币）的ETF开始。

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将收取1.85％的管理费。该公司指出，XRP的价格波动和波纹网络的使用下降可能会对基金的绩效构成挑战。

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

Teucrium补充说：“尽管令牌广泛采用，但仍然关注其市场稳定性和持续价格升值的潜力。”

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.

今年早些时候，美国证券交易委员会（SEC）裁定其1940年法案不允许列出杠杆ETF。但是，在7月，监管机构批准了Proshares的两个杠杆比特币（加密：BTC）ETF。

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

本周晚些时候，SEC将决定今年早些时候提交的几个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.

关键要点：Teucrium在Ripple的XRP令牌上的2倍杠杆ETF将于周二首次亮相。此举是在仍在SEC审查中的Spot XRP ETF的一系列应用中进行的。

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在内的主要基金经理已提出提议，以将未掌握的XRP ETF推向市场。

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

SEC先前已承认这些申请，并预计未来几个月的决定。

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.

今年早些时候，SEC允许推出杠杆比特币ETF，但此前曾表示，其1940年的法案不允许杠杆ETF。

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

监管机构将在本周的主要资产管理人员的几个位置XRP ETF提案中做出决定。