Teucrium to launch first leveraged XRP ETF on NYSE Arca
Teucrium brings XRP to traditional markets
Teucrium Investment Advisors, a U.S.-based asset management firm, is preparing to launch an innovative financial product — the first-ever leveraged exchange-traded fund (ETF) linked to XRP, the fourth-largest cryptocurrency by market capitalization.
The Teucrium 2x Long Daily XRP ETF is scheduled to launch on April 8 and will be listed on the NYSE Arca under the ticker “XXRP”, offering investors a new way to gain exposure to Ripple’s native token, according to Decrypt.
Structure and features of the ETF
According to the fund's prospectus, XXRP is designed to deliver twice the daily performance of XRP through the use of swap agreements. These swaps will initially be based on XRP products listed on European exchanges, including 21Shares, Bitwise, WisdomTree, CoinShares, and Virtune, due to the current absence of approved spot XRP ETFs in the U.S.
Teucrium, which manages around $311 million in assets and is known for its commodity-focused ETFs, has previously launched a Bitcoin futures ETF, and is reportedly planning a short (inverse) leveraged XRP ETF to allow traders to profit from daily declines in XRP's price.
Risks and analyst commentary
The management fee for the XXRP ETF will be 1.85%. While the product offers appealing opportunities for seasoned traders seeking leveraged returns, Teucrium’s filings highlight key risks, including volatility and declining demand for XRP, which could negatively affect fund performance.
The launch is particularly notable given the lack of an approved spot XRP ETF in the U.S.—a first in the ETF industry. Eric Balchunas, Senior ETF Analyst at Bloomberg, called the move "very odd (maybe a first)," noting that a leveraged fund is debuting ahead of a traditional spot product.
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Regulatory shifts and future outlook
The U.S. Securities and Exchange Commission (SEC) recently closed its years-long investigation into Ripple Labs, the company behind XRP. Ripple agreed to pay a $50 million fine, significantly lower than the original $125 million penalty.
Meanwhile, several major asset managers—including WisdomTree, Bitwise, 21Shares, and Franklin Templeton—are still awaiting SEC decisions on their spot XRP ETF applications. Grayscale has also filed to convert its private Digital Large Cap Fund, which includes XRP, into a public ETF.
Additionally, Coinbase Derivatives has submitted a self-certification filing with the U.S. Commodity Futures Trading Commission (CFTC) to launch a new XRP futures product.
Amid a regulatory softening toward cryptocurrencies, Teucrium’s bold move may signal the start of a new wave of altcoin-based investment products entering traditional financial markets.
