Teucrium Investment Advisors is preparing to introduce a groundbreaking 2x leveraged exchange-traded fund (ETF) linked to XRP, marking the first launch of such a product in the United States.
The Teucrium 2x Long Daily XRP ETF, which will trade under the ticker XXRP, is scheduled to commence trading on Tuesday on NYSE Arca. This fund aims to deliver investors double the daily return of XRP through swaps.
NEW: @TeucriumETFs is launching the first XRP ETF in the US tomorrow. $XXRP will be 2x long XRP futures. pic.twitter.com/URaLUEkVOr
— James Seyffart (@JSeyff) April 7, 2025
XRP ETF Launches Amid Changing Regulatory Environment
The introduction of the ETF occurs against a backdrop of decreasing cryptocurrency prices and a shifting regulatory landscape. XRP, currently the fourth-largest cryptocurrency by market capitalization, has garnered renewed interest following the conclusion of a prolonged legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the issuing company of the token.
The settlement, which involved Ripple paying a fine of $50 million, reflects a trend of relaxed enforcement actions observed since President Donald Trump’s re-assumption of office.
With a management fee of 1.85%, XXRP may incorporate XRP futures or other financial instruments in the future, as indicated in its prospectus. Although XRP does not have active futures listings on major commodities exchanges, Teucrium’s offering highlights a growing institutional interest in alternative cryptocurrencies beyond the more prominent Bitcoin and Ether.
Regulatory Approval Pending for Spot XRP ETF
Bloomberg Senior ETF Analyst Eric Balchunas remarked on social media that the launch of the XRP ETF is “very odd,” suggesting it might be the first instance where an asset’s initial ETF is a leveraged product. He acknowledged that while a spot XRP ETF has yet to receive approval, the chances of such an approval appear favorable.
The introduction of this ETF follows the SEC’s recent approval of Solana futures ETFs last month, coinciding with several pending applications for spot XRP funds from various firms, including WisdomTree, Bitwise, and Franklin Templeton. While the reviews for spot XRP ETFs are ongoing, the emergence of leveraged products may reflect a shifting attitude among regulators towards investment vehicles centered on altcoins.
At the time of reporting, XRP was valued at $1.91, reflecting an increase of approximately 5% over the last 24 hours.
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