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- Teucrium launches the first-ever U.S. XRP ETF (XXRP), a 2x leveraged product trading on NYSE Arca.
- The fund offers twice the daily price exposure to XRP, aimed at short-term, high-conviction investors.
- Launch follows Ripple’s $50M SEC settlement, clearing a key regulatory hurdle.
Teucrium Investment Advisors is set to launch the United States’ first XRP-based exchange-traded fund (ETF), a leveraged product offering twice the daily exposure to the fourth-largest cryptocurrency by market capitalization.
The Teucrium 2x Long Daily XRP ETF (XXRP) begins trading today on NYSE Arca, becoming a landmark moment not just for XRP, but for the broader crypto ETF landscape in the U.S.
This is no ordinary ETF. It’s a 2x leveraged product, designed to amplify daily movements of Ripple coin. For investors with short-term, high-conviction bets on XRP’s price direction, this fund offers a unique vehicle. Teucrium states on its website, “If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF.”
The fund will carry a 1.85% management fee and offer monthly distributions, according to regulatory filings.
According to the Depository Trust and Clearing Corporation (DTCC), Teucrium’s XXRP is the only XRP-related ETF either active or awaiting launch on its roster. This makes it the first fund in the U.S. ETF space to offer institutional exposure to Ripple coin in any form before even a spot product has been approved.
Bloomberg Senior ETF Analyst Eric Balchunas flagged the unusual nature of this development on X (formerly Twitter), saying:
“A 2x XRP ETF is launching tomorrow in the U.S., the first-ever XRP ETF on the market. It’s very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot Ripple coin still not approved, [although] our odds are pretty high.”
Ripple Settles for $50M as XRP Eyes ETF Future
The launch comes just weeks after Ripple Labs, the company behind Ripple coin, settled its multi-year lawsuit with the U.S. Securities and Exchange Commission (SEC). The firm agreed to pay $50 million, significantly reduced from the $125 million penalty originally imposed in 2024. The settlement marked a crucial turning point in XRP’s regulatory narrative.
Now, with the SEC choosing not to appeal the court’s decision that Ripple coin is not a security in secondary market sales, a major legal cloud has lifted—potentially paving the way for spot XRP ETFs.
The Teucrium XRP fund also lands amid broader momentum in the U.S. crypto ETF market. Following President Trump’s crypto-friendly regulatory shifts, Grayscale, WisdomTree, and Bitwise have all filed for spot XRP ETFs. While the SEC has yet to greenlight any of them, multiple applications have entered active review.
Analysts believe Ripple coin stands among the top contenders for the next wave of spot crypto ETF approvals, alongside Solana.
“With the SEC dropping its appeal, a key legal hurdle is out of the way, making XRP ETF approval more likely,” said Min Jung, research analyst at Presto Research. “If any new spot ETFs are approved after Bitcoin and Ethereum, Ripple coin or Solana are strong contenders.”
However, Jung also cautioned that institutional demand for spot XRP products remains unclear. “Ethereum ETFs have seen limited traction, and institutions still largely believe ‘there is no second best,’ Jung added.
Currently, XRP is trading at $ 1.869656 with a 24-hour trading volume of $ 18.62B and a market cap of $ 108.95B. The XRP price increased 4.03% in the last 24 hours.
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