David Edwards
Teucrium Investment Advisors is poised to debut the first-ever XRP-based exchange-traded fund (ETF) in the United States, marking a significant milestone in the evolution of crypto-linked financial instruments. Scheduled to begin trading on NYSE Arca on April 8 under the ticker XXRP, the Teucrium 2x Long Daily XRP ETF will offer leveraged exposure, aiming to deliver twice the daily return of the XRP token.
According to the asset manager’s website, the product will carry a 1.85% management fee and annual expense ratio. Currently, the fund holds $2 million in net assets, signaling an early but notable entry into the XRP ETF space.
Teucrium’s CEO and founder Sal Gilbertie highlighted the timing of the launch, describing it as opportune given the prevailing market weakness, which has been exacerbated by recent U.S. trade tariffs introduced under President Donald Trump. “What better time to launch a product than when prices are low?” Gilbertie commented in an interview with Bloomberg.
While it is unusual for a new crypto asset class to debut with a leveraged product, Bloomberg ETF analyst Eric Balchunas noted that approval odds for a spot XRP ETF remain high. According to a February forecast by Balchunas and fellow analyst James Seyffart, the likelihood of SEC approval for a spot XRP ETF in 2025 stands at 65%, a probability echoed by decentralized predictions market Polymarket, which places the odds at 75%.
Currently, multiple firms — including Grayscale, Bitwise, Franklin Templeton, Canary Capital, and 21Shares — have filed spot XRP ETF applications under review by the U.S. Securities and Exchange Commission. The launch of XXRP arrives shortly after the resolution of a prolonged legal battle between Ripple Labs, the issuer of XRP, and the SEC over the token’s classification as a security — a dispute that had previously cast uncertainty over XRP-related financial products.
Founded in 2010, Teucrium has traditionally specialized in agricultural commodity ETFs, with products tracking corn, soybeans, wheat, and sugar. The firm manages over $310 million in assets under management and now seeks to broaden its footprint in the digital asset sector.
Positioned as a high-risk, high-conviction instrument, the XXRP ETF targets investors with short-term, directional views on XRP price movements. As regulatory clarity improves and institutional interest grows, Teucrium’s entry may serve as a bellwether for further XRP-linked investment products in the U.S. market.
