Teucrium Launches First XRP-Based ETF on NYSE Arca

In a groundbreaking move for the cryptocurrency market, Teucrium Investment Advisors is launching the first-ever XRP-based exchange-traded fund (ETF) in the U.S. This product, named the Teucrium 2x Long Daily XRP ETF, will provide investors with 2x leveraged exposure to the XRP token, offering a unique opportunity for those with a high-conviction, short-term outlook on the asset.

The ETF, which will trade under the ticker XXRP on NYSE Arca, is set to debut on April 8, 2025. Teucrium’s innovative offering aims to replicate two times the daily return of XRP, with a 1.85% management fee and annual expense ratio, according to the company’s website.

A New Frontier for Crypto ETFs

This launch marks a significant milestone for the crypto sector as the U.S. sees its first XRP-based ETF. Sal Gilbertie, founder and CEO of Teucrium, expressed his enthusiasm for the product, noting that the launch would cater to investors who want leveraged exposure to XRP’s price movements. Gilbertie also highlighted the strong interest investors had shown for an XRP ETF, indicating the growing demand for crypto-focused investment products.

Details of Teucrium’s soon-to-be-launched XXRP ETF. Source: Teucrium

Teucrium’s long history in the ETF space—having amassed over $310 million in assets under management (AUM) since its founding in 2010—further strengthens its position as a trusted asset manager. The firm is known for offering ETFs targeting agricultural commodities, including corn, soybeans, and wheat, and this move into cryptocurrency reflects a broader trend of increasing institutional interest in digital assets.

The Teucrium 2x Long Daily XRP ETF currently holds $2 million in net assets, and Gilbertie believes it is an ideal product for investors with a short-term bullish view on XRP. “If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,” the firm stated.

The Likelihood of a Spot XRP ETF

While the XXRP ETF is leveraged, many analysts are optimistic about the future of spot XRP ETFs. Bloomberg ETF analyst Eric Balchunas noted that it is unusual for a first-ever ETF of a new asset to be launched in a leveraged form, but he also emphasized that the chances of a spot XRP ETF being approved by the U.S. Securities and Exchange Commission (SEC) remain “pretty high.”

Several major institutions, including Grayscale, Bitwise, Franklin Templeton, Canary Capital, and 21Shares, have applied to launch spot XRP ETFs. The SEC’s decision on these filings is closely watched, especially after the conclusion of the legal battle between Ripple Labs (the creator of XRP) and the SEC, which had questioned the legal status of XRP for over four years. The court case officially wrapped up last month, removing a major obstacle to the approval of XRP-based investment products.

Source: Eric Balchunas

Optimism for 2025 XRP ETF Approval

According to Bloomberg analysts Balchunas and James Seyffart, there is a 65% probability of a spot XRP ETF being approved in 2025. Furthermore, predictions from the Polymarket platform suggest there is currently a 75% chance that the SEC will approve a spot XRP ETF by 2025. This growing optimism reflects the easing of regulatory uncertainty surrounding XRP, further bolstering the likelihood of additional crypto ETFs coming to market in the near future.

Looking Ahead: More Crypto ETFs on the Horizon

As Teucrium continues to innovate within the crypto space, the firm’s launch of the Teucrium 2x Long Daily XRP ETF could serve as a catalyst for further growth in the crypto ETF market. Gilbertie has hinted that, depending on the success of this initial launch, Teucrium may consider filing for additional crypto ETF products in the future.

The arrival of the Teucrium XRP ETF comes during a period of market uncertainty, with geopolitical factors such as the U.S. President Donald Trump’s tariffs affecting the broader economy. However, Gilbertie believes that launching the product during a downturn could present a unique opportunity for investors looking to capitalize on price movements when the market is subdued.

As the crypto landscape evolves, more institutional products like the Teucrium 2x Long Daily XRP ETF could pave the way for mainstream adoption of digital assets as part of traditional investment portfolios.