Teucrium 2x Long Daily XRP ETF Debuts on U.S. Exchanges, Potentially Catalyzing Significant Price Movement

In a landmark development for the crypto sector, the first-ever exchange-traded fund (ETF) linked to XRP debuted on U.S. exchanges on Tuesday

The first-ever exchange-traded fund (ETF) linked to XRP has hit U.S. exchanges, potentially setting the stage for significant price movement for the digital asset.

This development follows Teucrium Investment Advisors LLC’s launch of the Teucrium 2x Long Daily XRP ETF, trading under the ticker XXRP. The ETF, which offers investors double the daily return of XRP through swap mechanisms, marks a milestone for the cryptocurrency, ranking fourth globally with a market capitalization of approximately $111 billion.

Industry experts have noted the unusual nature of this launch, as a new asset’s first ETF is usually not leveraged, and spot XRP approval is still pending, although the odds are pretty high.

The ETF, which carries a 1.85% expense ratio, also marks a dramatic shift in XRP’s regulatory standing after years of legal challenges, most notably the recent case between Ripple Labs Inc. and the U.S. Securities and Exchange Commission.

This ETF could drive substantial capital inflow into XRP, providing traditional investors with regulated exposure to the cryptocurrency without the complexity of direct digital asset management. The leveraged structure may attract sophisticated traders who prefer to amplify returns in what has historically been a volatile asset class.

However, this offering precedes nine other companies that had applied for XRP ETF products by March 2025, including major financial players like Bitwise, ProShares, WisdomTree, Grayscale, and Franklin Templeton.

A pro-ripple attorney, John Deaton, celebrated the milestone, reflecting on the dramatic turnaround from four years ago when he first intervened in the Ripple case.

“What a difference four years makes. Around this time, 4 years ago, I was filing a Motion to Intervene into the Ripple case, asking Judge Torres to allow a putative class of XRP holders to become actual defendants in the case.” Deaton stated.

“On two separate occasions, within her written ruling, Judge Torres cites to the efforts we made (the Affidavits and at footnote 16). And today, this is like the 20th XRP related ETF. Never say you can’t make a difference.” He added.

The ETF launch also comes as Ripple reported projecting a massive shift from $0.6 trillion to $18.9 trillion in tokenized assets by 2033. The company outlined a three-phase evolution starting with the low-risk adoption of tokenized instruments, followed by institutional expansion into complex assets, and ultimately market transformation as tokenization embeds itself in both financial and non-financial products.

Following the news, XRP has experienced a notable 4.85% surge in the past 24 hours, trading at $2.04 at press time.

As trading for XXRP kicks off today, investors will be closely monitoring any price movements and potential shifts in the market.