10-4-2025 – Teucrium Investment Advisors has boldly unfurled the sails of innovation, launching the United States’ first leveraged XRP exchange-traded fund on April 8. Dubbed the 2x Long Daily XRP ETF and trading under the ticker XXRP, this financial vessel notched an impressive $5.43 million in volume on its maiden day—a feat that thrust it into the elite top 5% of new ETF debuts, as noted by Bloomberg’s sharp-eyed analyst Eric Balchunas. Undeterred by a sagging crypto climate, the fund promises investors double the daily dance of XRP’s price, harnessing swaps tied to European products to deliver its punchy returns.
The timing couldn’t have been more audacious. XRP, the digital coin at the heart of this venture, had stumbled to $1.64 the day prior, inching up to $1.73 by Tuesday evening—a whisper of bearish gloom hanging over the broader cryptocurrency sphere. Yet Teucrium’s XXRP defied the headwinds, outshining rival leveraged offerings like Volatility Shares’ 2x Solana ETF, which had faltered weeks earlier with a fraction of the trading gusto. “Very respectable,” Balchunas mused, pointing to XXRP’s turnover—roughly quadruple that of its Solana cousin—as a beacon of investor appetite for amplified XRP exposure.
This isn’t a fund for the faint-hearted or the buy-and-hold brigade. Built for the quick-witted trader, XXRP resets daily, offering a 200% jolt of XRP’s performance through its swap-driven engine. Sal Gilbertie, Teucrium’s chief, hailed it as the firm’s “most triumphant launch yet,” though he was quick to caution that its leverage is a double-edged sword—ideal for a day’s speculation, but a potential pitfall if clung to amid volatility’s churn. Crypto sage Crypto Eri echoed the warning: in a market whipsawed by 75% volatility, losses could spiral to 43%, even if prices flatline. For retail punters craving leverage without the perils of margin trading, though, XXRP offers a tantalising lifeline.
The backdrop to this debut was hardly rosy. On the same day, the crypto realm bled over $413 million in liquidations, a stark reminder of the sector’s fragility. Yet XXRP stood tall, its robust start a testament to XRP’s enduring allure among financial instruments. Industry watchers tipped their hats to Teucrium’s pluck, with Balchunas lauding the fund’s rare ascent to the upper echelons of ETF launches—a feat few newcomers achieve straight out of the gate.
Looking beyond the horizon, Teucrium isn’t resting on its laurels. The firm has tabled plans for a 2x inverse XRP ETF, a contrarian play that would profit from Ripple’s dips. For now, it’s a watchful wait, gauging whether demand warrants the leap. This measured approach reflects a blend of ambition and prudence, buoyed by a regulatory tide that’s turned kinder under the current SEC stewardship. Gilbertie noted the smoother sailing compared to past regimes, a shift that’s also lured players like Grayscale and Franklin Templeton to test XRP-flavoured waters—hinting at a brewing storm of competition.
