Asset Manager Teucrium Investment Advisors Will Launch the First XRP-Based ETF in the U.S. on April 8

YEREVAN (CoinChapter.com) — Asset manager Teucrium Investment Advisors will launch the first XRP-based ETF in the U.S. on April 8. The new product, named Teucrium 2x Long Daily XRP ETF, will trade under the ticker XXRP on NYSE Arca.

Asset manager Teucrium Investment Advisors will launch the first-ever U.S. XRP ETF on April 8.

The new product, Teucrium 2x Long Daily XRP ETF, will provide 2x daily leveraged exposure to the performance of XRP. It will trade on NYSE Arca under the ticker XXRP.

The ETF will have a management fee of 1.85%, and its initial net assets are $2 million, according to Teucrium’s website.

The product is designed to offer short-term traders 2x leveraged returns linked to XRP’s daily price movement. It will not provide long-term exposure to the token.

Teucrium’s Shift From Commodities to Crypto ETFs

Founded in 2010, Teucrium is well-known for offering ETFs based on agricultural commodities such as corn, soybeans, sugar, and wheat. This listing marks the firm’s first foray into the crypto sector.

In an interview with Bloomberg on Friday, Teucrium CEO Sal Gilbertie confirmed that there is strong interest in an XRP ETF. He also hinted at the possibility of the company filing for more crypto-related ETFs in the future.

Gilbertie noted that the timing of this listing coincides with a period of market weakness, which is partly attributed to Donald Trump’s tariffs.

“Maybe what better time to launch a product than when prices are low,” he remarked.

Bloomberg ETF analyst Eric Balchunas described it as unusual to see a new asset class open with a leveraged ETF. However, he pointed out that there is a high probability of a spot XRP ETF being approved in the future.

Balchunas and his colleague James Seyffart estimated a 65% chance of spot XRP ETF approval in 2025. This aligns with the current figure of 75% on Polymarket.

Several parties, including Grayscale, Bitwise, Franklin Templeton, Canary Capital, and 21Shares, have applied for spot XRP ETF approval with the Securities and Exchange Commission (SEC), and their applications are pending.

Ruling in Ripple-SEC Case paves way for Teucrium’s 2x Long Daily XRP ETF

Last month, the legal battle between Ripple Labs and the SEC over XRP’s security status came to an end. This case had previously stalled several attempts to launch XRP ETFs in the U.S.

Now that the case has been resolved, the ETF environment is changing, and Teucrium is among the first to respond with a product offering 2x daily leveraged exposure to XRP’s price performance.

Previously, ETF issuers faced restrictions as there was no clear regulatory treatment for XRP in the U.S. However, the outcome of the court case has altered those conditions.

Teucrium 2x Long Daily XRP ETF will provide twice the daily return of XRP, amplifying both gains and losses, which will reset each day. The fund is not designed for long-term holding.

Investors will pay a yearly management fee of 1.85% for this product, according to Teucrium’s website, which also states that there are no extra charges or bonuses.

The new ETF, XXRP, will be listed on NYSE Arca on April 8. Its performance will reflect short-term moves in XRP’s value, not long-term asset growth.

As of now, Teucrium manages over $310 million in total assets, mainly in commodity-focused ETFs. The launch of XRP ETF XXRP places the firm into the crypto ETF market at a time when there is both strong interest from investors and a changing regulatory landscape.