Teucrium Investment Advisors LLC is launching the first leveraged XRP exchange-traded fund (ETF) in the U.S. following SEC approval.
The Teucrium 2x Long Daily XRP ETF will trade on NYSE Arca under the ticker XXRP starting April 8, as reported by Bloomberg. The ETF aims to provide investors twice the daily return of XRP using swap agreements.
The ETF linked to XRP aims to amplify price movements for active investors, rising by 2% for every 1% increase in XRP while falling by double that percentage if XRP decreases. It includes a management fee of 1.89% and targets investors focused on short-term trading based on XRP’s daily fluctuations. To price swaps, the fund will utilize various indices and exchange-traded products (ETPs), including the CME CF XRP-Dollar Reference Rate and European ETPs from providers like 21Shares, Bitwise, WisdomTree, and CoinShares, as there are currently no spot XRP ETFs available in the U.S. market.
Despite the absence of a spot XRP ETF, expectations for its approval remain high. In an April 7 post on X, Bloomberg ETF analyst Eric Balchunas pointed out that it is rare for an asset’s first ETF to be a leveraged product. This highlights the anticipation surrounding the potential for a spot XRP ETF shortly.
A 2x XRP ETF is launching tmrw in US, the first-ever XRP ETF on the market. Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, altho our odds are pretty high. Story via @isabelletanlee pic.twitter.com/Eg4Wq5Y1Qi
— Eric Balchunas (@EricBalchunas) April 7, 2025
The launch of the Teucrium ETF follows Ripple Labs’ recent resolution of its lengthy legal battle with the SEC, culminating in a $50 million settlement over XRP’s classification. With this regulatory clarity, Ripple CEO Brad Garlinghouse has expressed growing confidence in the future of XRP ETFs.
Reflecting on the company’s recent legal victory, Garlinghouse predicted in a March 19 interview with Bloomberg that spot XRP ETFs could launch in the second half of 2025. Meanwhile, Garlinghouse has also responded to accusations by Pierre Rochard, Vice President at Riot Platforms, who alleged that Ripple is leading a lobbying campaign to block the launch of the Strategic Bitcoin Reserve initiative in the U.S.
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