Vermont-based Teucrium Investment Advisors is launching the first-ever XRP-based ETF in the U.S., a leveraged 2x product set to debut on NYSE Arca on April 8. While this marks a historic moment for XRP, spot ETF approvals remain pending amid shifting regulatory tides.
Background
- Teucrium Investment Advisors LLC, a Vermont-headquartered asset manager known for launching commodity-focused ETFs, is stepping into the digital asset space with the Teucrium 2x Long Daily XRP ETF (XXRP).
- Designed to provide double the daily performance of XRP, the fourth-largest cryptocurrency by market cap, the product will begin trading today on NYSE Arca with a 1.85% management fee.
- Unlike traditional spot ETFs, XXRP is a leveraged fund, meaning it amplifies XRP’s daily price movements—offering higher upside (and downside) exposure for short-term, conviction-driven traders.
- According to the Depository Trust and Clearing Corporation (DTCC), Teucrium’s fund is the only XRP-related ETF currently in the launch pipeline.
Why Should You Pay Attention?
- This is the first XRP ETF to hit the U.S. market, marking a significant milestone for institutional exposure to the Ripple-affiliated digital asset.
- Despite the lack of a spot XRP ETF, the launch of a leveraged product highlights growing investor interest and increasing confidence in regulatory clarity post-Ripple’s settlement with the SEC.
Who Said What?
- Eric Balchunas, Bloomberg’s Senior ETF Analyst, in a post on X said:
“A 2x XRP ETF is launching [tomorrow] in the U.S., 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, although our odds are pretty high.”
- Teucrium noted on its website,
“If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF.”
Zooming Out
- The launch of the first XRP ETF, even in a leveraged format, marks a pivotal step in the broader narrative of digital assets gaining mainstream financial products in U.S. markets.
- It also follows Ripple’s partial legal resolution with the SEC, which concluded with a $50 million fine.
- As Grayscale, WisdomTree, and Bitwise wait on pending spot XRP ETF applications, this Teucrium listing could help test institutional appetite and regulatory acceptance.
- With President Trump’s administration reportedly warming up to crypto innovation, and the SEC moving faster on approvals, it is believed that spot XRP ETFs could be on the horizon—making Teucrium’s leveraged launch an early indicator of what's to come.
