Teucrium Investment Advisors is preparing to launch the first-ever leveraged exchange-traded fund (ETF) based on XRP in the United States. The new product, named the Teucrium 2x Long Daily XRP ETF, is set to debut on the NYSE Arca exchange under the ticker XXRP on April 8.
The fund is designed to provide investors with twice the daily return of the XRP token and comes with a 1.85% management fee and annual expense ratio, according to the firm’s official website. XXRP currently holds approximately $2 million in net assets.
Teucrium describes the product as suitable for those with a short-term, high-conviction outlook on XRP prices, positioning it as a tactical option during periods of market volatility.
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XRP ETF Launch Coincides with Global Market Slump Driven by Trump’s Tariffs
The launch comes amid a broader downturn in global markets, largely triggered by new tariffs introduced by U.S. President Donald Trump. “What better time to launch a product than when prices are low?” said Teucrium CEO Sal Gilbertie in comments to Bloomberg on April 7.
Gilbertie also hinted that Teucrium may file additional applications to launch crypto-related ETFs in the future, citing growing investor demand for diversified digital asset products.
The move is notable as it marks the first XRP-based ETF in the U.S., and uniquely, it debuts in a leveraged form. Bloomberg ETF analyst Eric Balchunas called the move “very odd,” but acknowledged that a spot XRP ETF approval is increasingly likely.
According to Balchunas and fellow Bloomberg analyst James Seyffart, there is a 65% chance of SEC approval for a spot XRP ETF in 2025. Polymarket odds are even higher, putting the probability at 75%.
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
A number of major asset managers—including Grayscale, Bitwise, 21Shares, Franklin Templeton, and Canary Capital—currently have spot XRP ETF applications pending with the U.S. Securities and Exchange Commission.
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XRP Regulatory Outlook Improves As Ripple’s SEC Battle Reaches Conclusion
The regulatory environment has shifted in recent months, following the conclusion of Ripple Labs’ lengthy legal battle with the SEC over the classification of XRP as a security.
That case, which spanned four years, was resolved last month, clearing the way for ETF issuers to pursue XRP-based products more confidently.
Founded in 2010, Teucrium manages over $310 million in assets and is best known for its ETFs focused on agricultural commodities such as corn, soybeans, sugar, and wheat.
Notably, there has been a wave of altcoin ETF filings after Trump’s election victory and the subsequent resignation of former SEC Chair Gary Gensler.
Gensler, known for his aggressive regulatory approach toward crypto, oversaw more than 100 enforcement actions during his tenure before stepping down on January 20.
Since his departure, several firms previously targeted by the SEC have seen legal actions dismissed, including crypto exchange Gemini on February 26 and trading firm Cumberland DRW on March 4.
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Key Takeaways
- Teucrium is launching the first leveraged XRP ETF in the U.S., set to trade under the ticker XXRP on April 8.
- The ETF aims to deliver 2x daily returns on XRP and debuts amid market volatility fueled by Trump’s new tariffs.
- Ripple’s resolved legal battle with the SEC is boosting optimism for spot XRP ETF approvals, with multiple filings now under review.
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