Teucrium Launches the First-Ever Leveraged XRP ETF (XXRP)

Here’s a polished, SEO-optimized article summarizing this major update in the crypto ETF space:

In a groundbreaking move for the crypto investment landscape, Teucrium Investment Advisors has launched the first-ever leveraged exchange-traded fund (ETF) tied to XRP, the world’s fourth-largest cryptocurrency by market capitalization.

Teucrium’s 2x Long Daily XRP ETF, set to trade on NYSE Arca with the ticker XXRP, will aim to deliver double the daily price performance of XRP. The ETF is designed to provide U.S. investors with a leveraged way to track XRP price movements.

To determine XRP’s value for its swap agreements and benchmarks, Teucrium will be referencing European-listed XRP ETPs from firms such as 21Shares, Bitwise, CoinShares, WisdomTree, and Virtune, as there are currently no approved U.S. spot XRP ETFs.

This launch follows Teucrium’s filing earlier in March for both a 2x Long and a 2x Short Daily XRP ETF. The 2x Short ETF, also planned for NYSE Arca, will enable traders to profit from daily declines in XRP.

Sal Gilbertie, CEO of Teucrium, highlighted the low current prices and strong investor interest in XRP as key factors driving the launch of XXRP. XRP is currently trading around $1.90, showing a 1% increase over the last 24 hours, according to CoinGecko.

Gilbertie added that market optimism has returned as Ripple’s legal battle with the SEC nears its end, with the firm recently agreeing to a $50 million settlement. This development removes a key uncertainty for XRP’s regulatory status in the U.S.

The launch of XXRP could be the spark that ignites broader XRP ETF adoption. Already, firms including iTrust Capital, Shapeshift, and SEI Investments have filed with the SEC for various spot XRP ETFs.

Nate Geraci, President of The ETF Store, noted that the Ripple-SEC resolution may even open the door for giants like BlackRock and Fidelity to enter the XRP ETF space.

The introduction of leveraged crypto ETFs in the U.S. marks a turning point for both institutional and retail traders. While the Teucrium Bitcoin Futures ETF paved the way in 2022, XXRP signals a new era—one where altcoins like XRP become a part of mainstream, leveraged investment portfolios.