Teucrium Launches First Leveraged XRP ETF Amid Market Downturn

Asset manager Teucrium Investment Advisors is set to launch the first XRP-based exchange-traded fund (ETF) in the U.S. markets. The Teucrium 2x Long Daily XRP ETF, trading under the ticker XXRP, will begin trading on NYSE Arca on April 8, 2025. This ETF aims to provide investors with twice the daily return of the XRP token through swaps, with a management fee of 1.85% and an annual expense ratio. The ETF currently has $2 million worth of net assets.

Teucrium founder and CEO Sal Gilbertie expressed strong investor interest in an XRP ETF and hinted at potential future filings for more crypto ETFs. Gilbertie also noted the strategic timing of the launch during a market downturn driven by U.S. President Donald Trump’s tariffs, stating that launching a product when prices are low presents a unique opportunity.

The launch of the XXRP ETF is significant as it marks the first instance of an asset’s debut ETF being a leveraged product. This development suggests a potential shift in regulatory attitudes toward approving leveraged ETFs, providing investors with greater exposure to cryptocurrencies. The ETF’s debut also highlights the growing institutional interest in altcoins beyond Bitcoin and Ether, as more investors seek to diversify their portfolios.

Several spot XRP ETF applications from firms including Grayscale, Bitwise, Franklin Templeton, Canary Capital, and 21Shares are currently under review by the Securities and Exchange Commission. The approval of the XXRP ETF by NYSE Arca under the Securities Exchange Act of 1934 underscores the growing acceptance of cryptocurrencies in the traditional financial system. The ETF’s listing on NYSE Arca, one of the largest stock exchanges in the world, demonstrates that major financial institutions are increasingly recognizing the potential of cryptocurrencies as a viable asset class and are willing to provide investors with regulated and transparent investment vehicles.

Teucrium Investment Advisors, founded in 2010, has amassed over $310 million worth of assets under management. The firm primarily offers ETFs tracking agricultural commodities such as corn, soybeans, sugar, and wheat. The launch of the XXRP ETF expands Teucrium’s portfolio into the cryptocurrency market, signaling the firm’s commitment to diversifying its investment offerings.