Online reports, according to Bloomberg, alternative asset management company Teucrium Investment Advisors LLC has officially launched a leveraged ETF linked to the cryptocurrency XRP, which is the first product in the U.S. market to provide such exposure. XRP is the world's fourth-largest cryptocurrency by market value, with a market value of approximately US$111 billion, and is also the core asset in a recent investigation by U.S. regulators into Ripple Labs Inc. According to Teucrium's official website, this product called "Teucrium 2x Long Daily XRP ETF" will achieve double leveraged returns on XRP's daily earnings through swap contracts, and will be officially listed on the trading platform on Tuesday with the trading code XXRP. The annualized expense rate is 1.85%. Teucrium was founded in 2010 and currently has US$311 million in assets under management and 12 ETFs covering a variety of alternative markets.