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- Teucrium launched the first-ever U.S. leveraged XRP ETF, the 2x Long Daily XRP ETF (XXRP), on April 8, 2025, with $5 million in day-one trading volume.
- The ETF’s launch was four times more successful than the debut of Volatility Shares’ 2x Solana ETF, marking it as one of the top 5% of new ETF launches.
- CEO Sal Gilbertie credited the smoother regulatory review process under the new SEC leadership for the fund’s quick approval, emphasizing its success as a short-term trading tool for aggressive traders.
In a historic move for the cryptocurrency market, Teucrium Investment Advisors launched the first-ever U.S. leveraged XRP ETF, the 2x Long Daily XRP ETF, on April 8, 2025. The fund saw an impressive start, recording approximately $5 million in day-one trading volume. This strong debut places the ETF among the top 5% of all new ETF launches, according to Bloomberg ETF analyst Eric Balchunas.
The 2x Long Daily XRP ETF, trading under the ticker XXRP, garnered a trading volume that was four times greater than the debut of Volatility Shares’ 2x Solana ETF (SOLT), which launched in March 2025. Balchunas highlighted that the launch was significant, as the new fund’s activity was notably higher than other high-profile ETF launches.
Teucrium’s XRP ETF aims to deliver double the daily returns of XRP through swap agreements. European exchange-traded products (ETPs) serve as reference rates for these swaps. No suitable U.S.-listed spot XRP ETFs exist. This makes Teucrium’s leveraged approach unique in the market. The firm is known for its commodity ETFs. It considers the 2x Long Daily XRP ETF its most successful product launch to date.
Teucrium CEO Talks ETF Success and Crypto-Friendly SEC
In an exclusive interview with Crypto Prime’s Nate Geraci, Teucrium CEO Sal Gilbertie expressed his excitement about the ETF’s success. “It’s been a terrific, very successful launch our most successful launch day to date for any fund we’ve ever done,” Gilbertie shared. “There was overwhelming excitement… I think a lot because we were overlooked.”
Teucrium filed for the ETF shortly after the prior SEC administration stepped down. With the standard 75-day window having passed, the firm launched the fund at the first available opportunity. Gilbertie noted that the smoother regulatory review process under the new SEC leadership was a key factor. This contributed to the fund’s quick approval.
Gilbertie said, “The old SEC was an impediment. They crushed innovation and were an enemy of cryptocurrencies.” He contrasted this with the current regulatory environment, which he described as more crypto-friendly.
The ETF currently gains exposure to XRP through swaps based on European XRP ETPs. It can also hold other XRP-linked instruments, including futures, to optimize efficiency and reduce costs. Gilbertie was clear that this product is not intended for long-term holders: “This is absolutely a short-term trading tool, ideally for one day,” he emphasized. The leveraged ETF targets aggressive traders. They seek to capitalize on XRP’s short-term price movements.
Teucrium’s XXRP ETF Revolutionizes Leverage on XRP
As the first leveraged XRP ETF, the XXRP fund provides an opportunity for traders to gain leverage on XRP in a previously difficult way. Gilbertie explained that the appeal lies in making leverage more accessible: “It’s pretty hard to get leverage [on XRP], and these 2X products… make it easy. Ordinary people with their Robinhood account can sit there and trade one share with leverage.”
Looking ahead, Teucrium is already eyeing its next product. The firm has filed for an inverse XRP ETF, the 2x Short Daily XRP ETF, which would allow investors to potentially profit as XRP prices decline. The launch of the inverse ETF is on hold as Gilbertie waits to assess demand.
“We’re an ETF company… We’re willing to do any ETF that we think is going to provide an extra tool for investors,” he said, leaving the door open for additional crypto-related products in the future.
Gilbertie also provided insight into the broader role of crypto in investment portfolios. He drew a clear distinction between Bitcoin and other cryptocurrencies like XRP, Ether, and Solana. “I think there’s Bitcoin and there’s everything else,” he said. “Bitcoin is digital gold; it should be in your portfolio to stabilize it.” He viewed assets like XRP as technology platforms. He believes they should be priced like technology stocks.
Teucrium’s 2x Long Daily XRP ETF sets a new precedent for leveraged crypto products as the market evolves. It makes it easier for traders to access high-risk, high-reward opportunities in the digital asset space.
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