Teucrium Launches Leveraged XRP ETF
Vermont-based Teucrium Investment Advisors is launching the first XRP-related exchange-traded fund (ETF) in the U.S. market. The new product, called the Teucrium 2x Long Daily XRP ETF (ticker: XXRP), will begin trading on NYSE Arca on April 8. Unlike a standard ETF, it’s a leveraged fund designed to deliver twice the daily price performance of XRP, the fourth-largest cryptocurrency by market cap.
"If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF," Teucrium stated on its website. The fund will have a 1.85% management fee and offer monthly distributions.
Unusual Move as First XRP ETF is Leveraged
Bloomberg ETF analyst Eric Balchunas noted the rare nature of this launch, stating, “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.”
The ETF is currently the only XRP-related fund listed on the Depository Trust and Clearing Corporation’s (DTCC) list of active and pre-launch ETFs.
Spot XRP ETFs Still Awaiting SEC Approval
While the leveraged ETF moves ahead, the spot market equivalents remain under SEC review. Major asset managers like Grayscale, WisdomTree, and Bitwise have submitted filings for spot XRP ETFs, following a shift in regulatory tone under the Trump administration.
Ripple’s settlement with the SEC last month further strengthens the case for ETF approval. The $50 million settlement resolved years of legal uncertainty over whether XRP qualifies as a security.
Still, analysts caution that institutional demand for a spot XRP ETF is unclear. “Ethereum ETFs have seen limited traction, and institutions still largely believe there is no second best,” said Min Jung, research analyst at Presto Research.
