- Teucrium introduces the first-ever leveraged XRP ETF in the U.S., offering 2x daily returns based on XRP’s price performance.
- The ETF trades under the ticker XXRP and uses multiple benchmarks including European XRP ETPs and CME CF XRP-Dollar Reference Rate.
- This launch follows Ripple’s $50 million settlement with the SEC, fueling optimism around future spot XRP ETF approvals in the U.S.
Teucrium Investment Advisors LLC has launched the first leveraged XRP exchange-traded fund in the United States. The fund, named the Teucrium 2x Long Daily XRP ETF, is set to begin trading on NYSE Arca under the ticker symbol XXRP on April 8.
The new product is designed to deliver two times the daily return of XRP. For instance, if XRP’s price increases by 1 percent in a day, the fund aims to return 2 percent. However, if XRP declines by 1 percent, the fund is expected to lose 2 percent.
Teucrium Sets 1.89% Management Fee
According to the fund’s prospectus, a 1.89 percent management fee will apply. The ETF is primarily targeted at short-term investors who engage in active trading and have a strong conviction about daily price movements in XRP.
To calculate swap prices, Teucrium will use seveal external indices, including the CME CF XRP-Dollar Reference Rate. Additionally, it will reference a basket of XRP-based ETPs listed in Europe. These include products from 21Shares, WisdomTree, CoinShares, and Bitwise.
No Spot XRP ETF Yet Approved in the U.S.
Although there are no spot XRP ETFs currently available in the U.S., Teucrium’s leveraged product arrives as regulatory clarity improves. The firm has experience with crypto-based ETFs, having previously launched a Bitcoin futures ETF in 2022.
The ETF launch happens after Ripple Labs settled with the Securities and Exchange Commission for $50 million. The legal battle over XRP’s classification came to an end due to this settlement process.
The SEC has received multiple applications from Bitwise, 21Shares, WisdomTree, CoinShares, Franklin Templeton and Grayscale for spot XRP exchange-traded funds. The Chief Executive Officer at Ripple Labs predicts the release of such products during the later part of 2025.
