Teucrium Launches 2x Leveraged XRP ETF, XRP Jumps 6%

Teucrium Investment Advisors is set to launch the first-ever 2x leveraged XRP ETF in the U.S., marking a significant milestone in the cryptocurrency market. The ETF, which will trade under the ticker XXRP on NYSE Arca starting April 8, aims to provide investors with double the daily returns of XRP. This announcement has already generated excitement in the market, driving XRP’s price up by 6% to $1.90.

Unlike traditional ETFs, XXRP is designed to amplify the daily price movements of XRP. This means that if XRP increases by 5% in a day, investors in XXRP would see a 10% gain. However, this also means that losses would be doubled, making XXRP a high-risk, high-reward investment option. Teucrium has set a 1.85% management fee and an annual expense ratio for the fund, which currently holds $2 million in assets.

Sal Gilbertie, the CEO of Teucrium, expressed optimism about the fund’s potential, citing strong investor interest in an XRP ETF. He also hinted at the possibility of launching more crypto ETFs in the future. Gilbertie noted that if investors have a strong belief in XRP’s short-term price movements, this ETF could present a significant opportunity.

Interestingly, the launch of XXRP coincides with a market downturn, partly influenced by the tariff policies of the U.S. President. Despite this, the leveraged ETF is garnering attention and could attract investors looking to capitalize on XRP’s price volatility.

While the leveraged ETF is making waves, analysts are also focusing on the potential approval of a spot XRP ETF. Several major asset managers, including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton, have submitted applications to the SEC, which are currently under review. According to the analyst's forecast, there is a 75% chance of a spot XRP ETF gaining regulatory approval by 2025.

Following the announcement of XXRP’s launch, XRP experienced a notable price jump, climbing 6% to reach $1.90. Technical analysis suggests that XRP found strong support at $1.65 before its recovery. If XRP breaks above the resistance at $1.95–$2.00, it could surge to $2.60. However, failing to break $2 may lead to a retest at $1.69.