XRP ETF Launch by Teucrium Sees Strong Demand, CEO Highlights Trading Potential

Teucrium CEO Sal Gilbertie recently revealed that the launch of the leveraged XRP ETF has been the company’s most successful debut yet. In an interview with ETF analyst Neta Geraci, Gilbertie described the market’s reaction as "terrific" and full of “overwhelming excitement.” The ETF, trading under the ticker XXRP, offers 2X leveraged exposure to XRP, making it ideal for short-term traders betting on the token’s volatility.

The ETF’s filing reportedly flew under the radar, with Gilbertie noting it was submitted shortly after the departure of the previous SEC leadership. Despite limited initial attention, the fund debuted with approximately $5 million in trading volume. While that’s modest compared to the massive volume generated by the iShares Bitcoin Trust ETF (IBIT) in 2024, Bloomberg’s Eric Balchunas called it “very respectable” given current market conditions.

Gilbertie also expressed his personal confidence in XRP, calling it a “very legitimate” digital asset. However, he warned investors that the XXRP fund is a short-term trading tool due to its daily reset mechanism, meaning traders could incur losses if XRP’s price moves sideways. “That means that if XRP goes sideways, you will lose money,” he emphasized.

The launch marks a major milestone for XRP, as XXRP becomes the first U.S.-based XRP ETF, potentially signaling a broader acceptance of the token in traditional finance circles. As Ripple continues to gain momentum, products like XXRP could attract speculative interest, especially from traders seeking amplified exposure to price movements in the crypto market.