Teucrium has expanded its lineup of futures-based crypto ETFs by launching a 2x Long Daily BNB ETF, XBNB, in the US market. The new product is designed for short-term traders who want to gain leveraged exposure to Binance Coin price moves without directly holding the token.
The XBNB fund uses futures or swap-based derivatives and rebalances every day to maintain its 2x target. If BNB futures rise 1% in a session, the ETF aims to rise 2%. If futures fall 1%, the product is structured to lose 2%.