- Teucrium Investment Advisors has launched the first U.S.-based leveraged XRP ETF, the Teucrium 2x Long Daily XRP ETF (XXRP), offering investors double the daily performance of XRP.
- The launch follows the SEC’s dismissal of its long-standing case against Ripple, and comes amid renewed investor interest and a broader rollback of crypto enforcement under the Trump administration.
In a major move for crypto investors, Wall Street asset manager Teucrium Investment Advisors has unveiled a new product: the Teucrium 2x Long Daily XRP ETF. This exchange-traded fund (ETF), trading under the ticker XXRP, is the first of its kind in the U.S. to offer leveraged exposure to XRP—the cryptocurrency associated with Ripple Labs.
Doubling Down on XRP
The XXRP ETF is designed to deliver twice the daily performance of XRP, making it an attractive option for traders looking to capitalize on short-term price movements. With XRP being the fourth-largest cryptocurrency by market cap, valued at around $111 billion, Teucrium’s decision comes at a time when investor interest in XRP appears to be regaining momentum.
This new ETF carries an expense ratio of 1.85% and offers traders a high-risk, high-reward way to engage with the digital asset, especially in a volatile market environment.
A Timely Launch Following Ripple’s Legal Victory
The launch of XXRP comes shortly after the U.S. Securities and Exchange Commission (SEC) dropped its long-standing case against Ripple Labs, a case that had cast uncertainty over XRP for years. Ripple CEO Brad Garlinghouse recently stated that the end of the lawsuit “provides a lot of certainty for Ripple,” though other legal proceedings with the SEC remain ongoing.
The ETF debut also aligns with a broader softening of crypto enforcement under the current Trump administration, which has recently dropped cases against major exchanges like Coinbase and Binance.
Strategic Timing Amid a Crypto Dip
Sal Gilbertie, CEO and founder of Teucrium, believes the timing couldn’t be better. With crypto prices down following Trump’s election victory and the ripple effects of tariff-heavy policies, Gilbertie sees the downturn as an opportunity. “What better time to launch a product than when prices are low?” he remarked, noting strong investor interest in XRP and confidence that the leveraged feature will attract even more attention.
While there are currently no XRP futures trading on U.S. commodities exchanges, Teucrium has left the door open to expanding the ETF’s offerings if market conditions allow.