Key Takeaways:
- Teucrium is launching the first U.S. XRP ETF with 2x leverage (ticker: XXRP), debuting before any spot XRP ETFs have been approved.
- The fund will trade on NYSE Arca with a 1.85% management fee and includes a warning about XRP’s price volatility and Ripple network activity decline.
- The SEC is currently reviewing multiple spot XRP ETF applications from firms like WisdomTree and Franklin Templeton, with decisions expected in the coming months.
Teucrium Investment Advisors is launching the first-ever XRP exchange-traded fund (ETF) in the U.S., offering 2x leveraged exposure to the cryptocurrency.
The fund, named XXRP, will begin trading on NYSE Arca and comes with a 1.85% management fee.
Alternative asset manager Teucrium is launching a leveraged ETF linked to cryptocurrency XRP, the asset at the center of a recently ended probe of Ripple Labs by US regulators https://t.co/jE4bfYvGK8
— Bloomberg (@business) April 7, 2025
Notably, this leveraged ETF is debuting before the approval of any spot XRP ETFs, which typically precede more complex products.
Bloomberg analyst Eric Balchunas called the move “very odd,” noting it may be a first for a new asset.
A 2x XRP ETF is launching tmrw in 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, altho our odds are pretty high. Story via @isabelletanlee pic.twitter.com/Eg4Wq5Y1Qi
— Eric Balchunas (@EricBalchunas) April 7, 2025
Teucrium also issued a caution about XRP’s price volatility and its declining activity on the Ripple network, highlighting potential risks to fund performance.
This launch comes amid a wave of applications for spot XRP ETFs from asset managers like WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton.
These proposals are still under review by the U.S. Securities and Exchange Commission (SEC), which has acknowledged the filings.
Decisions are expected in the coming months, potentially paving the way for a broader range of XRP investment opportunities if approved.
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