XRP ETF to Launch on April 8 as Teucrium Targets Crypto Market Expansion with Leveraged Product.
In a major step forward for cryptocurrency integration into traditional financial markets, the first XRP ETF in the United States is set to make its debut on April 8. Teucrium Investment Advisors, a firm primarily known for its commodities-based exchange-traded funds, is breaking new ground by launching a 2x leveraged XRP ETF on NYSE Arca under the ticker symbol XXRP.
This innovative fund, officially named the Teucrium 2x Long Daily XRP ETF, will offer investors a unique opportunity to gain double the daily performance of the XRP token. According to Teucrium’s official website, the fund will carry a 1.85% management fee and an equivalent annual expense ratio. With an initial $2 million in net assets under management, the fund is aimed at investors with strong, short-term conviction in XRP’s price movements.
Teucrium expands beyond agriculture with bold crypto bet
Founded in 2010, Teucrium has built a reputation in the ETF space with a focus on agricultural commodities, offering products tied to corn, soybeans, wheat, and sugar. With over $310 million in assets under management, the Vermont-based asset manager is now making a significant leap into the digital asset arena.
Teucrium’s founder and CEO, Sal Gilbertie, expressed enthusiasm about launching the XRP ETF during a volatile macroeconomic period. Speaking to Bloomberg on April 7, Gilbertie said, “What better time to launch a product than when prices are low?” He noted that interest in an XRP-related ETF has been strong, and hinted at future plans to file for more crypto-linked funds, depending on regulatory developments and market demand.
The launch of XXRP coincides with a broader downturn in the financial markets, partly triggered by renewed U.S. tariffs under President Donald Trump. Nevertheless, Gilbertie believes the current climate presents a valuable entry point for investors looking to capitalize on short-term XRP price movements.
Unusual debut: First XRP ETF is leveraged
The structure of Teucrium’s product is raising eyebrows in the ETF industry. Bloomberg ETF analyst Eric Balchunas commented that it is “very odd” for an asset’s first ETF to take a leveraged form, as these instruments typically follow after spot or unleveraged versions. Despite this unconventional debut, Balchunas remains optimistic about the likelihood of a spot XRP ETF receiving regulatory approval in the near future.
In February, both Balchunas and fellow Bloomberg ETF analyst James Seyffart placed 65% odds on the approval of a spot XRP ETF by the Securities and Exchange Commission (SEC) in 2025. Their optimism is echoed by prediction markets such as Polymarket, which currently estimates a 75% chance of approval within the same year.
Regulatory landscape improving after Ripple’s legal win
The launch of Teucrium’s leveraged XRP ETF would have been unthinkable just a year ago. For nearly four years, Ripple Labs — the company behind the XRP token — was embroiled in a legal battle with the SEC over whether XRP qualified as a security. That case reached a resolution last month, removing a significant regulatory cloud that had hovered over XRP since late 2020.
This legal clarity is expected to pave the way for more institutional interest and additional ETF filings. Several high-profile asset managers, including Grayscale, Bitwise, Franklin Templeton, Canary Capital, and 21Shares, currently have applications for spot XRP ETFs under review by the SEC.
As the legal and regulatory environment becomes more favorable, Teucrium’s move may mark the beginning of a broader shift in how U.S. markets integrate digital assets. By positioning itself as a pioneer with XXRP, Teucrium is signaling confidence in XRP’s role within the next generation of investment products.
Looking ahead
While XXRP targets investors with a high-risk tolerance and short-term trading strategies, it also serves as a symbolic and practical milestone in XRP’s journey toward mainstream acceptance. As traditional financial products begin to embrace crypto-native assets, Teucrium’s leveraged XRP ETF may become just the first of many to reshape the digital investment landscape.
