Teucrium Launches First-Ever XRP ETF in U.S. with 2x Leverage

Teucrium Investment Advisors is set to debut the first-ever XRP exchange-traded fund (ETF) in the U.S., launching a 2x leveraged product ahead of any approved spot XRP ETF. The Teucrium 2x XRP ETF (ticker: XXRP) will begin trading on NYSE Arca on Tuesday, offering investors double exposure to XRP’s price movements.

This marks a rare case where a leveraged ETF precedes a spot ETF for a digital asset. Bloomberg Intelligence analyst Eric Balchunas called the move “very odd,” highlighting that typically, unleveraged spot funds are launched first, followed by more complex instruments like leveraged ETFs.

Teucrium will charge a 1.85% management fee for XXRP. The firm noted that XRP’s volatility and declining utility on the Ripple network may impact fund performance. These concerns align with broader market skepticism about XRP’s long-term adoption and price stability.

Despite regulatory delays, interest in XRP investment products is growing. Asset managers including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton have submitted filings for spot XRP ETFs. While the U.S. Securities and Exchange Commission (SEC) has yet to approve any of these, decisions are expected in the coming months.

The timing of Teucrium’s leveraged ETF coincides with renewed momentum in the XRP market following Ripple’s partial legal victories against the SEC. XRP has climbed 6.5% in the past 24 hours, reflecting broader crypto market gains.

The launch of XXRP signals increasing demand for XRP-based investment vehicles and could pave the way for future spot ETF approvals. For now, Teucrium's bold move positions it as a first mover in the race to offer innovative crypto ETF products.