Teucrium Debuts First-Ever Leveraged XRP ETF in the U.S. Ahead of Spot Approval
- Teucrium debuts the first 2x leveraged XRP ETF, trading under the ticker XXRP.
- XXRP aims to deliver twice the daily returns of XRP using swap agreements.
Teucrium Investment Advisors is launching the first U.S.-listed XRP ETF on April 8. The fund, called the Teucrium 2x Long Daily XRP ETF (ticker: XXRP), will trade on NYSE Arca. It aims to deliver twice the daily performance of XRP using swap agreements rather than holding the token directly.
This leveraged ETF arrives before any spot XRP ETF has received approval. Bloomberg ETF analyst Eric Balchunas called it “very odd” for a leveraged product to debut first. However, he also said the chances of spot XRP ETF approval this year are now high.
The fund will charge a 1.85% management fee and is intended for short-term traders. Teucrium describes it as suitable for investors with high-conviction, short-term views on XRP. The firm manages over $300 million and is known for niche ETF offerings, including a Bitcoin futures ETF launched in 2022.
XXRP Relies on European ETPs
Since U.S. spot XRP ETFs are not yet approved, the XXRP fund will rely on pricing data from Europe. It will reference several XRP ETPs listed in Europe from issuers like 21Shares, Bitwise, CoinShares, WisdomTree, and Virtune. It will also use the CME CF XRP-Dollar benchmarks to track daily price movements.
According to the Depository Trust and Clearing Corporation (DTCC), Teucrium’s XXRP is the only active XRP-related ETF listed in the U.S. The company also plans to launch a short version of this ETF soon, allowing traders to bet against XRP price movements.
The SEC has yet to approve any spot XRP ETFs, although several firms have filed applications. These include Grayscale, Bitwise, WisdomTree, Franklin Templeton, and 21Shares. The filings follow a regulatory shift under President Donald Trump, who has signaled support for crypto innovation.
Optimism in the XRP market has grown since the SEC dropped its lawsuit against Ripple. Ripple paid a $50 million fine, but the outcome boosted market sentiment. Ripple CEO Brad Garlinghouse recently predicted that multiple XRP ETFs could launch in the second half of 2025.
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Teucrium Debuts First-Ever Leveraged XRP ETF in the U.S. Ahead of Spot Approval
- Teucrium debuts the first 2x leveraged XRP ETF, trading under the ticker XXRP.
- XXRP aims to deliver twice the daily returns of XRP using swap agreements.
Teucrium Investment Advisors is launching the first U.S.-listed XRP ETF on April 8. The fund, called the Teucrium 2x Long Daily XRP ETF (ticker: XXRP), will trade on NYSE Arca. It aims to deliver twice the daily performance of XRP using swap agreements rather than holding the token directly.
This leveraged ETF arrives before any spot XRP ETF has received approval. Bloomberg ETF analyst Eric Balchunas called it “very odd” for a leveraged product to debut first. However, he also said the chances of spot XRP ETF approval this year are now high.
The fund will charge a 1.85% management fee and is intended for short-term traders. Teucrium describes it as suitable for investors with high-conviction, short-term views on XRP. The firm manages over $300 million and is known for niche ETF offerings, including a Bitcoin futures ETF launched in 2022.
XXRP Relies on European ETPs
Since U.S. spot XRP ETFs are not yet approved, the XXRP fund will rely on pricing data from Europe. It will reference several XRP ETPs listed in Europe from issuers like 21Shares, Bitwise, CoinShares, WisdomTree, and Virtune. It will also use the CME CF XRP-Dollar benchmarks to track daily price movements.
According to the Depository Trust and Clearing Corporation (DTCC), Teucrium’s XXRP is the only active XRP-related ETF listed in the U.S. The company also plans to launch a short version of this ETF soon, allowing traders to bet against XRP price movements.
The SEC has yet to approve any spot XRP ETFs, although several firms have filed applications. These include Grayscale, Bitwise, WisdomTree, Franklin Templeton, and 21Shares. The filings follow a regulatory shift under President Donald Trump, who has signaled support for crypto innovation.
Optimism in the XRP market has grown since the SEC dropped its lawsuit against Ripple. Ripple paid a $50 million fine, but the outcome boosted market sentiment. Ripple CEO Brad Garlinghouse recently predicted that multiple XRP ETFs could launch in the second half of 2025.
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