Teucrium Launches First Leveraged XRP ETF in US, XXRP to Trade on April 8

Teucrium Investment Advisors has received approval from NYSE Arca to launch its Teucrium 2x Long Daily XRP ETF (XXRP), marking the first leveraged exchange-traded fund (ETF) in the United States to offer exposure to XRP. The ETF is set to begin trading on NYSE Arca on April 8, aiming to deliver two times the daily price performance of XRP. The fund will primarily gain exposure through swap agreements with global financial institutions, with provisions for investment in XRP futures contracts, options, XRP-related companies, and spot XRP ETPs as needed. Additionally, the fund may utilize reverse repurchase agreements to enhance its investment capital. The ETF has a management fee of 1.85% and offers monthly distributions to investors.

The launch of XXRP comes at a pivotal moment for XRP, as Ripple recently settled its legal battle with the SEC. Despite the lack of an approved spot ETF, Teucrium’s leveraged product offers a new avenue for investors seeking amplified exposure to the fourth-largest cryptocurrency by market capitalization. The ETF enables investors to access the XRP market with a lower capital investment compared to buying equivalent derivatives directly. The fund presents different risks than other types of funds, as it uses leverage and is riskier than similarly benchmarked funds that do not use leverage. The fund is intended to be used as a short-term trading vehicle.

In anticipation of the XXRP launch, the likelihood of a spot XRP ETF receiving approval has surged. Odds have jumped by 5% since yesterday, with the chances of approval by December 2025 now standing at 75%. However, the outlook for a short-term approval by July 31 remains more cautious, with odds currently sitting at just 33%. The SEC faces a critical deadline in October to decide on two XRP-based ETFs, including the Grayscale and 21Shares XRP ETFs, following their filings in the Federal Register in February. Additionally, major asset managers, including BlackRock and Fidelity, could soon file for an XRP ETF, joining WisdomTree, Bitwise, and Canary Capital. As regulatory clarity around digital currencies continues to evolve, the market will be watching closely to see how this pioneering ETF performs and whether it paves the way for further XRP-based financial products in the US.

Summary: Teucrium Investment Advisors has launched the first leveraged XRP ETF in the US, the Teucrium 2x Long Daily XRP ETF (XXRP), which will begin trading on NYSE Arca on April 8. The ETF aims to deliver two times the daily price performance of XRP and will primarily gain exposure through swap agreements with global financial institutions. The launch comes as the race for a spot XRP ETF intensifies, with odds of approval surging in anticipation of the XXRP launch. The SEC faces a critical deadline in October to decide on two XRP-based ETFs, and major asset managers could soon file for an XRP ETF. The market will be watching closely to see how the XXRP ETF performs and whether it paves the way for further XRP-based financial products in the US.

Analysis: The launch of the Teucrium 2x Long Daily XRP ETF (XXRP) marks a significant development in the cryptocurrency market, as it is the first leveraged ETF in the US to offer exposure to XRP. The ETF's launch comes at a time when the race for a spot XRP ETF is intensifying, with odds of approval surging in anticipation of the XXRP launch. The SEC's decision on two XRP-based ETFs in October will be a critical moment for the market, as it could pave the way for further XRP-based financial products in the US. The launch of the XXRP ETF also highlights the growing interest in leveraged ETFs, which offer investors the opportunity to amplify their exposure to a particular asset. However, it is important to note that leveraged ETFs are riskier than traditional ETFs and are intended to be used as short-term trading vehicles. Investors should carefully consider the risks and potential rewards of investing in leveraged ETFs before making any investment decisions.