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NEW YORK--(BUSINESS WIRE)--Teucrium is announcing a one-for-ten reverse share split for the Teucrium 2x Long Daily XRP ETF (“XXRP”).
If you held the Teucrium 2x Long Daily XRP ETF (NASDAQ:XXRP) into the close on Friday, you watched a 12% single-day drop turn an already grim year into something close to a wipeout.
Teucrium 2x Long Daily XRP ETF (NYSEARCA:XXRP - Get Free Report)'s share price dropped 0.4% during mid-day trading on Thursday. The stock traded as low as $4.38 and last traded at $4.53. Approximately 2,218,399 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 2,481,047 shares. The stock
XRP (CRYPTO: XRP), the popular digital currency, is currently trading around $1.53, which is a number that means very different things depending on who's looking at it. For long-term holders, it's a price point with significant upside potential if Rippel's cross-border payment continues to play out. For short-term traders, it's a daily volatility opportunity. For... Double Your XRP Returns In One Day, The Easy Way | XXRP.
Teucrium 2x Long Daily XRP ETF (NYSEARCA:XXRP - Get Free Report) traded down 2.3% during mid-day trading on Monday. The company traded as low as $11.57 and last traded at $11.71. 1,362,459 shares traded hands during trading, a decline of 35% from the average session volume of 2,102,788 shares. The stock had previously closed
XXRP is a 2x long daily leveraged ETF on XRP (not spot) with a TER of 1.89%. Leverage amplifies decay and this becomes evident as the investment time horizon widens. The underlying, XRP, is gaining interest relative to BTC/USD. The catalyst is an apparent programmed scarcity program.
At this point, it's no longer just a crypto-friendly government propelling movement forward — it's real regulations that have been created. Previously, I wrote about the passing of the GENIUS Act into law.
2025 has so far been a big year for leveraged ETFs. I wrote a research note on leveraged ETFs earlier this year (read more here) where I discussed some trends in the leveraged ETF market.
SEC filings for XXRP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.