Teucrium Investment Advisors has launched the first-ever XRP-based exchange-traded fund (ETF) in the United States. Dubbed the Teucrium 2x Long Daily XRP ETF, this product is designed to double the daily return of XRP — Ripple’s native token — and is now available for trading on NYSE Arca under the ticker XXRP. A Bold Bet on XRP ETF Unlike traditional ETFs, this is a leveraged fund, meaning it amplifies both gains and losses. Teucrium has pegged the fund with a 1.85% management fee, and as of launch, XXRP holds $2 million in net assets. “If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,” the firm said in a statement on its website. Teucrium CEO and founder Sal Gilbertie told Bloomberg on April 7 that strong investor appetite for an XRP-focused product led to this move. Interestingly, the fund is debuting during a period of market unease, partially driven by macroeconomic uncertainties and tariff-related volatility under U.S. President Donald Trump. Gilbertie views that as an opportunity. “What better time to launch a product than when prices are low?” he remarked. If XXRP performs well, Gilbertie hinted more crypto ETFs could soon follow. Unusual Launch Raises Eyebrows ETF experts have taken notice — and not just for the product’s content, but for its timing. Bloomberg’s senior ETF analyst Eric Balchunas called it “very odd” that XRP’s first ETF would come in leveraged form, as these types of products typically follow spot or futures-based offerings. Still, he believes a spot XRP ETF approval is quite possible, giving it a “pretty high” chance. Spot XRP ETF applications from several major players — including Bitwise, Franklin Templeton, 21Shares, Grayscale, and Canary Capital — are currently under review by the Securities and Exchange Commission. According to Polymarket, a decentralized prediction platform, there is a 75% chance the SEC greenlights a spot XRP ETF by 2025. Bloomberg analysts previously pegged the odds at 65%. This optimism follows the resolution of Ripple Labs’ prolonged legal fight with the SEC, which had previously cast a shadow over XRP’s regulatory clarity. The post Teucrium Debuts First-Ever XRP Leveraged ETF Amid Crypto Market Slump appeared first on TheCoinrise.com .
