The post XRP ETF News: Teucrium Debuts XXRP Leveraged ETF Before Spot ETF Approval appeared first on Coinpedia Fintech News
Crypto investors finally have something big to cheer for when it comes to XRP. As Ripple inches closer to the end of its legal battle with the SEC, a brand-new investment vehicle is being rolled out in the US—one that could open the floodgates for wider XRP adoption. For the first time, a leveraged ETF tied to XRP is set to go live, giving traders a chance to amplify their exposure to the asset’s daily moves.
Teucrium Launches First-Ever Leveraged XRP ETF in the US
Teucrium Investment Advisors is set to debut a 2x leveraged XRP ETF—XXRP—on NYSE Arca starting April 8, offering traders more exposure to XRP’s daily moves even before a spot ETF gets the green light. It will trade on NYSE Arca under the ticker XXRP, aiming to deliver twice the daily return of XRP through swap agreements, a financial tool used to mirror XRP’s price movements.
Moreover, the ETF will charge a 1.89% management fee and cater to traders seeking bigger short-term moves without holding the underlying asset directly.
How Will It Work Without a US Spot XRP ETF?
Since the US doesn’t yet have a spot XRP ETF available, the XXRP fund will reference European-listed XRP ETPs instead. These include offerings from 21Shares, Bitwise, WisdomTree, Virtune, and CoinShares. It will also rely on benchmarks such as the CME CF XRP-Dollar Reference Rate and the XRP-Dollar Real-Time Index.
What’s unusual here is that this leveraged product is arriving ahead of any approved spot XRP ETFs, which is almost unheard of in traditional ETF rollouts. Bloomberg analyst Eric Balchunas called it “very odd,” noting the high expectations for a spot XRP ETF, which remains pending approval from the SEC.
Shortly, Teucrium is also planning a short version of the ETF, which would let investors potentially profit from daily price declines in XRP.
Investor Demand and Ripple’s Legal Win Drive the Launch
According to Teucrium CEO Sal Gilbertie, now is the perfect time to launch this product due to XRP’s relatively low price and growing investor interest. Teucrium already manages $311 million and is known for niche ETFs, including a Bitcoin futures ETF approved in 2022.
The ETF launch follows fresh optimism around Ripple’s legal battle with the SEC. Ripple CEO Brad Garlinghouse recently predicted that multiple XRP ETFs could arrive in the second half of 2025.
ETF Optimism Grows as XRP Inches Higher
After the SEC dropped its legal case with Ripple, confidence is soaring. The chances of XRP ETF approval have shot up to 86%, with the token gaining 14% in value. Big players like Bitwise, Franklin Templeton, Grayscale, and 21Shares are already in line with ETF filings and industry voices suggest even BlackRock and Fidelity might soon join the XRP ETF race. At press time, XRP trades around $1.87, down 3% on the day, but investor interest remains high as the ETF race heats up.