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, as outlined on the firm’s official website. Currently, XXRP holds approximately $2 million in net assets.

Teucrium classifies this product as suitable for investors with a short-term, high-conviction outlook on XRP prices, making it a tactical choice during market volatility.

XRP ETF Launch Coincides with Global Market Slump Driven by Trump’s Tariffs

The launch coincides with a broader downturn in global markets, primarily triggered by new tariffs introduced by U.S. President Donald Trump. “What better time to launch a product than when prices are low?” remarked Teucrium CEO Sal Gilbertie in a statement to Bloomberg on April 7.

Gilbertie hinted that Teucrium could file additional applications for crypto-related ETFs in the future due to rising investor demand for diverse digital asset products.

This is a significant step, marking the first XRP-based ETF in the U.S., notably debuting in a leveraged form. Bloomberg ETF analyst Eric Balchunas characterized this move as “very odd,” yet acknowledged the growing likelihood of a spot XRP ETF approval.

According to Balchunas and fellow Bloomberg analyst James Seyffart, there’s a 65% chance the SEC will approve a spot XRP ETF in 2025, with Polymarket odds even higher at 75%.

“A 2x XRP ETF is launching tomorrow in the 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, although our odds are pretty high.”
— Eric Balchunas (@EricBalchunas) April 7, 2025

Several major asset managers—such as Grayscale, Bitwise, 21Shares, Franklin Templeton, and Canary Capital—currently have pending spot XRP ETF applications with the U.S. Securities and Exchange Commission.

XRP Regulatory Outlook Improves As Ripple’s SEC Battle Reaches Conclusion

The regulatory landscape has changed in recent months following the conclusion of Ripple Labs’ long legal battle with the SEC concerning the classification of XRP as a security. This case, which lasted four years, was resolved last month, enabling ETF issuers to pursue XRP-based products with more confidence.

Founded in 2010, Teucrium manages over $310 million in assets, primarily known for its ETFs focusing on agricultural commodities like corn, soybeans, sugar, and wheat.

Interestingly, there has been a flurry of altcoin ETF filings after Trump’s election win and the subsequent resignation of former SEC Chair Gary Gensler, who had a reputation for aggressively regulating crypto, overseeing over 100 enforcement actions during his time before stepping down on January 20.

Since his exit, 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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