First Leveraged XRP ETF Set to Launch in the U.S.
Teucrium Investment Advisors LLC is launching the first leveraged XRP ETF in the U.S. The Securities and Exchange Commission has approved the Teucrium 2x Long Daily XRP ETF, which will start trading on NYSE Arca on April 8 under the ticker XXRP.
This ETF aims to provide twice the daily return of XRP. If XRP rises by 1%, the ETF will gain 2%. Conversely,if XRP drops,the ETF will lose twice as much. The fund charges a 1.89% management fee and is ideal for short-term, active investors.
Teucrium will use indices like the CME CF XRP-Dollar Reference Rate and European XRP ETPs to price the swaps. This is as there are no spot XRP ETFs in the U.S. yet. Bloomberg ETF analyst Eric Balchunas noted that it’s unusual for an asset’s first ETF to be leveraged.
Teucrium, which manages $311 million in assets, previously launched a Bitcoin futures ETF. The firm also plans to introduce a 2x Short Daily XRP ETF for traders looking to profit from XRP price drops.
The launch follows Ripple Labs’ $50 million settlement with the SEC, ending a long legal battle over XRP’s classification. Ripple CEO Brad Garlinghouse now believes spot XRP ETFs could launch by late 2025. Several asset managers,including Bitwise and 21Shares,have already filed for spot XRP ETFs.
