Asset manager Teucrium Investment Advisors is set to launch a 2x leveraged exchange-traded fund (ETF) tied to XRP, marking the first such product in the United States. The Teucrium 2x Long Daily XRP ETF, trading under the ticker XXRP, will begin trading on Tuesday on NYSE Arca, offering investors twice the daily return of XRP via swaps. NEW: @TeucriumETFs is launching the first XRP ETF in the US tomorrow. $XXRP will be 2x long XRP futures. pic.twitter.com/URaLUEkVOr — James Seyffart (@JSeyff) April 7, 2025 XRP ETF Debuts Amid Regulatory Shifts The fund enters the market at a time of declining crypto prices and increasing regulatory shifts. XRP, the fourth-largest cryptocurrency by market cap, has seen renewed attention after the U.S. Securities and Exchange Commission (SEC) recently ended a multi-year legal battle with Ripple Labs, the token’s creator. The resolution, which required Ripple to pay $50 million , comes as part of a broader trend of dropped enforcement cases following President Donald Trump’s return to office. XXRP carries a 1.85% management fee and may include XRP futures or other instruments in the future, according to its prospectus. While XRP does not currently have active futures listings on major commodities exchanges, Teucrium’s offering signals growing institutional interest in altcoins beyond Bitcoin and Ether. Spot XRP ETF Yet to be Approved by SEC Bloomberg Senior ETF Analyst Eric Balchunas posted on X that XRP ETF launch as “very odd”, pointing out that it may be the first instance of an asset’s debut ETF being a leveraged product. Balchunas also added that while a spot XRP ETF has not yet been approved, the likelihood of approval appears high. The ETF’s debut follows the SEC’s greenlighting of Solana futures ETFs last month and coincides with multiple pending applications for spot XRP funds from firms including WisdomTree, Bitwise, and Franklin Templeton. While spot XRP ETFs remain under review, the appearance of leveraged products may offer a glimpse into the evolving attitude of regulators toward altcoin-based investment vehicles. XRP was trading at $1.91 at press time, up roughly 5% over the previous 24 hours. The post XRP ETF Set to Launch as 2x Leveraged Product in U.S. Amid Market Dip appeared first on Cryptonews .
