Share this article
First XRP ETF in the U.S. to Go Live on Tuesday With Launch of Teucrium’s Leveraged Fund
Teucrium’s leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review.
Updated Apr 8, 2025, 2:28 p.m. Published Apr 8, 2025, 6:01 a.m.
What to know:
- Teucrium Investment Advisors will launch the first-ever XRP ETF in the U.S. with 2x leveraged exposure on the NYSE Arca exchange.
- The ETF's debut precedes the approval of a standard spot XRP ETF, which is unusual for new asset classes.
- Teucrium warns of potential challenges due to XRP's price volatility and declining usage on the Ripple network.
Teucrium Investment Advisors will debut the first-ever XRP exchange-traded fund (ETF) in the U.S.
The Teucrium 2x Long Daily XRP ETF (XXRP) give investors a 2x leveraged exposure to the closely related Ripple token. XXRP will start trading on the NYSE Arca on Tuesday even before a standard "spot" XRP ETF has been approved by regulators.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“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,” Bloomberg Intelligence analyst Eric Balchunas said in an X post.
Typically, ETFs tracking emerging assets like cryptocurrencies begin with unleveraged "spot" funds — those that directly hold the underlying asset — before more complex leveraged products are introduced.
Teucrium will charge a management fee of 1.85%. The firm cautioned that XRP’s price volatility and declining usage on the Ripple network could pose challenges to the fund’s performance, reflecting broader concerns about the token’s adoption and market stability.
Ripple’s Legal Resolution Fuels ETF Momentum
Teucrium’s leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review. Major fund managers, including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton, have filed proposals to bring unleveraged XRP ETFs to market.
The SEC has previously acknowledged these applications, and decisions expected in the coming months could pave the way for additional XRP investment options.
XRP is up 6.5% in the past 24 hours, in line with a broader market move higher.
CORRECT (April 8, 14:27 UTC): Adds dropped words in ETF's name in second paragraph.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ARK steps in as crypto stocks extend multi-day selloff
Cathie Wood’s ARK Invest added to Coinbase, Bullish, Circle, and crypto miners during a continued drawdown that pushed listed crypto equities deeper into the red.
What to know:
- Cathie Wood's ARK Invest purchased nearly $60 million in crypto equities, including significant investments in Coinbase, Bullish, and Circle.
- ARK's strategy involves buying during market drawdowns, as evidenced by their recent purchases amid a multi-day slide in crypto stocks.
- Crypto stocks have been declining, with Bitmine, Circle, CoreWeave, Coinbase, and Bullish all experiencing notable drops.
Top Stories
