XRP takes a massive leap into traditional finance as a 2x leveraged ETF linked to its futures launches, delivering high-octane exposure to daily price swings.
XRP-Based ETF Debuts on NYSE Arca With 2x Leverage
Teucrium Trading LLC is preparing to launch its first U.S.-listed XRP-based exchange-traded fund (ETF), with the Teucrium 2x Long Daily XRP ETF (XXRP) scheduled to begin trading April 8 on the NYSE Arca exchange. Bloomberg ETF analyst James Seyffart shared the development Monday on social media platform X, identifying the fund as a “2x long XRP futures” product. The ETF will provide leveraged exposure to daily price movements through futures contracts, not spot holdings.
The fund aims to offer amplified returns based on short-term market movements. According to the official fund summary:
The Teucrium 2x Long Daily XRP ETF (XXRP) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily price performance of XRP for a single day, not for any other period.
XXRP falls under the macro strategy category within cryptocurrency-themed alternative assets and is actively managed. The fund’s inception date is listed as April 8, 2025, with an expense ratio of 1.89%. It is designed for investors with short-term, high-conviction views: “If you have a short-term high-conviction view on prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF.”</p>
Another Bloomberg ETF analyst, Eric Balchunas, commented: “A 2x XRP ETF is launching tomorrow in the U.S., the first-ever XRP ETF on the market. Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, although our odds are pretty high.”
To clarify any assumptions about regulatory approval by the U.S. Securities and Exchange Commission (SEC), Seyffart addressed the matter directly: “It’s not so much ‘approved’ as they are allowing it to list.” He continued:
This isn’t a spot product, its futures only. Spot products not yet approved.
Following the resolution of Ripple’s legal dispute with the SEC, which concluded with a $50 million settlement, there has been a notable increase in institutional interest in XRP. Ripple CEO Brad Garlinghouse has expressed confidence that the approval of a spot XRP ETF is “inevitable,” citing the success of bitcoin ETFs as a precedent. This growing institutional interest and the potential for an XRP ETF reflect a broader trend of increasing acceptance of cryptocurrencies in traditional financial markets.
Source: Bitcoin
