XRP ETF Debuts in the U.S.—With Leverage, Not Spot
April 8 sees the launch of the first leveraged XRP ETF by Teucrium on NYSE Arca. It’s a major development—but one that stops short of offering a fully approved spot ETF.
A milestone for Ripple’s XRP: the first U.S.-based ETF linked to the native token is going live. Teucrium’s 2x Long Daily XRP ETF (XXRP) begins trading on NYSE Arca on April 8.
Targeting sophisticated investors, the fund aims to deliver twice the daily return of XRP price fluctuations, making it suitable for short-term, high-volatility strategies.
This launch comes as the SEC continues reviewing applications for a spot XRP ETF. Though no approval yet, industry analysts are optimistic it could be granted in the coming months.
Сheck this out: XRP ETF Is Inevitable: Brad Garlinghouse
Inside the XRP ETF Debut
Teucrium Investment Advisors, headquartered in Vermont, has launched the fund with $2 million in assets and a 1.85% fee, trading under the ticker XXRP.
Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, altho our odds are pretty high,
noted Eric Balchunas, senior ETF analyst at Bloomberg.
Related: David Schwartz: Ripple’s Mastermind Driving the Blockchain Future
XRP ETF Buzz Builds as Market Watches SEC
The leveraged XRP ETF from Teucrium may have just hit the market, but the real anticipation surrounds what comes next: a potential spot XRP ETF approval. With crypto momentum growing, the SEC’s decision is expected to follow soon.
Leading asset managers are all in line:
- Grayscale,
- WisdomTree,
- Bitwise,
- 21Shares,
- Canary Capital,
- Franklin Templeton.
Adding fuel to the speculation: Ripple Labs recently settled its long-running dispute with the SEC, agreeing to a $50 million fine. While it’s not a definitive go-ahead, it’s widely seen as paving the way for broader investment opportunities tied to XRP.
Legal Crypto Action: Ripple Settles the US SEC Case, Agrees to Pay $50M of $125M SEC Fine
Volatility is through the roof, and Ripple’s network is slowing down—hardly ideal conditions for a new ETF. XRP is hanging just over $1.85, after shedding more than 13% this past week.
That rocky start means investors better stay sharp. Teucrium’s 2x product may look attractive for quick plays, but success hinges on active, informed decisions.
Read on: VanEck Files in Delaware for Possible US BNB ETF Launch
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