Teucrium to Launch First-Ever Leveraged XRP ETF in the U.S.

In a groundbreaking move for the crypto market, Teucrium Investment Advisors LLC is set to launch the first leveraged XRP exchange-traded fund (ETF) in the United States.

Following the green light from the Securities and Exchange Commission (SEC), the fund — officially named the Teucrium 2x Long Daily XRP ETF — will begin trading on NYSE Arca under the ticker XXRP starting Tuesday, April 8, according to Bloomberg.

This ETF is engineered to double the daily return of XRP through the use of swap agreements. That means if XRP rises by 1% on a given day, the ETF would aim to deliver a 2% gain.

Conversely, if XRP drops by 1%, the ETF would reflect a 2% loss. It’s a high-risk, high-reward product clearly aimed at active, short-term traders who have a strong conviction about XRP’s daily price direction. The fund will charge a management fee of 1.89%, according to its prospectus.

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Since there are currently no spot XRP ETFs available in the U.S., Teucrium will rely on a mix of indices and international ETPs (Exchange-Traded Products) to set its swap pricing.

Among these are the CME CF XRP-Dollar Reference Rate and a curated basket of XRP-based ETPs from European issuers like 21Shares, Bitwise, WisdomTree, and CoinShares. These global products will serve as interim benchmarks until a U.S.-based spot XRP ETF hits the market.

Teucrium isn’t new to the crypto ETF scene. The Vermont-based firm, which manages about $311 million in assets, made headlines back in April 2022 when it launched a Bitcoin futures ETF under the Securities Act of 1933 — an alternative route that’s been used for several crypto-linked funds. This experience gives them a leg up in navigating the complex world of crypto-focused investment products.

And they’re not stopping here. Teucrium also plans to roll out a 2x Short Daily XRP ETF, allowing traders to potentially profit from XRP price declines, further expanding the toolkit for sophisticated crypto investors.

This launch comes at a pivotal time. Ripple Labs, the company behind XRP, recently settled a long-running legal dispute with the SEC, agreeing to a $50 million settlement. That case centered on whether XRP should be classified as a security — a question that had clouded XRP’s status in the U.S. for years.

Now that the dust has settled, Ripple CEO Brad Garlinghouse has been increasingly vocal in his support for XRP ETFs, signaling more institutional interest and possibly broader adoption down the road.

Teucrium’s leveraged XRP ETF isn’t for the faint of heart — it’s a product tailored for experienced traders with a firm grip on XRP’s day-to-day price action. Still, it marks a significant milestone in the evolution of crypto ETFs in the U.S., and could pave the way for even more XRP-linked financial instruments in the future.

As crypto continues to edge its way into traditional finance, innovations like this underscore how mainstream acceptance of digital assets is accelerating — one ETF at a time.