Teucrium Investment Advisors LLC is set to make history with the launch of the Teucrium 2x Long Daily XRP ETF (XXRP), the inaugural leveraged XRP-based exchange-traded fund (ETF) in the United States. Trading commences on Tuesday, April 8, on NYSE Arca, offering investors twice the daily price performance of XRP.​
Breaking New Ground with XXRP
XXRP introduces a novel investment avenue by providing leveraged exposure to XRP, a leading cryptocurrency renowned for its rapid cross-border transaction capabilities. The ETF carries a management fee of 1.85% and plans for monthly distributions, catering to investors with a bullish, short-term outlook on XRP’s price movements.​
Spotlight on XRP ETFs: A Competitive Landscape
The introduction of XXRP coincides with a surge in applications for spot XRP ETFs. Asset managers such as Bitwise, WisdomTree, and 21Shares have filed for spot XRP ETFs with the U.S. Securities and Exchange Commission (SEC), aiming to offer direct exposure to XRP.
Notably, Bitwise’s filing asserts that XRP is not a security, challenging previous SEC claims. WisdomTree’s application, submitted in December 2024, also seeks to list its XRP Fund on the Cboe BZX Exchange.
Ripple’s Legal Milestones Pave the Way
The evolving regulatory environment has been influenced by Ripple Labs’ recent legal developments. In March 2025, Ripple settled with the SEC, agreeing to a reduced fine of $50 million, down from the initially imposed $125 million.
This settlement, pending approval, marks a significant step toward resolving longstanding disputes over XRP’s classification and may signal a more accommodating stance by regulators toward crypto-based financial products.​
Despite these advancements, the appetite for XRP-focused ETFs remains uncertain. Ethereum-based ETFs, for instance, have experienced tepid institutional participation, raising questions about the demand for similar products tied to alternative cryptocurrencies. Analysts suggest that while regulatory clarity is improving, investor conviction in XRP ETFs will depend on broader market acceptance and performance metrics. ​
XRP’s Price Trajectory
As of April 8, 2025, XRP is trading at $1.88, reflecting a 6.24% increase over the past 24 hours and a market capitalization of approximately $111 billion. However, the cryptocurrency has seen an 8.95% decline over the past week. The launch of XXRP and potential approval of spot ETFs could influence XRP’s market dynamics, potentially propelling its price beyond the $2 threshold.​
Conclusion
Teucrium’s XXRP ETF represents a pivotal development in the cryptocurrency investment landscape, offering leveraged exposure to XRP amid a backdrop of evolving regulatory clarity and institutional interest. As the market awaits the SEC’s decisions on spot XRP ETFs, the performance of XXRP may serve as a bellwether for future crypto-based investment products.
