Teucrium's XRP ETF Launches Successfully, Trades 200,000 Shares on Day One

Teucrium's CEO, Sal Gilbertie, recently highlighted the remarkable success of the launch of the XRP exchange-traded fund (ETF) in the U.S. During an interview, Gilbertie described the ETF's debut as the most successful launch in Teucrium's history, noting an overwhelming excitement and a terrific response from investors. The firm had initially been overlooked despite being the only one to file with a ticker, which took people by surprise. The ETF was launched following changes at the U.S. Securities and Exchange Commission (SEC), which created a favorable environment for its approval.

In late 2024, former SEC Chair Gary Gensler announced his departure, paving the way for a crypto-friendly administration under Donald Trump and his new SEC Chair Paul Atkins. Teucrium filed for the ETF around this time, and according to Gilbertie, the effectiveness period concluded over the weekend, leading to seeding on Monday and the official launch on Tuesday, April 8. The new Teucrium 2x Long Daily XRP ETF is now listed on the New York Stock Exchange Arca (NYSE Arca). The fund is designed to deliver twice the daily performance of XRP, offering a leveraged investment vehicle aimed at institutional investors and experienced traders.

Gilbertie indicated that nearly two hundred thousand shares traded on day one, calling it a “terrific” result and confirming it was their most successful ETF launch to date. The ETF’s structure makes it operate without requiring direct approval from the SEC due to its leveraged commodity-style format. This structure enabled the product to come to market quicker than other applications awaiting ETF approval and potentially set a model for similar offerings tied to other digital assets. Teucrium has historically focused on commodity-based ETFs but is now expanding into cryptocurrency, signaling the maturing relationship between institutional finance and digital assets.

The recent conclusion of Ripple’s legal battle with the SEC has also boosted the XRP’s legal clarity and removed the uncertainty that plagued the market for years. This legal clarity likely supported the product’s approval path and market appeal. The success of the XRP ETF launch underscores the growing institutional demand for XRP and the potential for further growth in the cryptocurrency market. While the ETF’s leveraged nature may not suit all investors, it represents a new avenue for those seeking amplified XRP exposure through regulated investment platforms.