First XRP-based ETF launching on NYSE Arca, offering leveraged returns

From Cointelegraph
April 8, 2025 1:39 am:

Asset manager Teucrium Investment Advisors is launching the first XRP-based exchange-traded fund in the US markets, a leveraged XRP ETF on the NYSE Arca. The Teucrium 2x Long Daily XRP ETF will offer investors two times the daily return of XRP with a 1.85% management fee starting April 8, trading under the XXRP ticker.

XXRP currently has $2 million worth of net assets. Teucrium founder Sal Gilbertie expressed strong investor interest in an XRP ETF and hinted at more crypto ETFs in the future. The ETF launch coincides with a market downturn influenced by President Trump’s tariffs, making it an opportune time for investors.

Bloomberg ETF analyst Eric Balchunas stated the likelihood of an approved spot XRP ETF remains high despite the unusual launch of a leveraged XRP ETF. Several spot XRP ETF applications from various companies are under review by the SEC, with predictions indicating a 75% chance of approval in 2025. Teucrium has assets under management of over $310 million since its inception in 2010, primarily offering agricultural commodity ETFs.

The XRP ETF launch comes after the conclusion of a four-year legal battle between Ripple Labs and the SEC over XRP’s security status, creating a more favorable environment for ETF issuers. Teucrium’s move into the crypto ETF market signals a growing interest and potential for further offerings in the future.

Read more at Cointelegraph: US to get its first XRP-based ETF, launching on NYSE Arca