Teucrium Launches 2X Leveraged XRP ETF as Spot Funds Take Backseat AllinCrypto April 8, 2025
Teucrium Investment has gained approval for a leverage-based Ripple XRP ETF in the US, with trading to begin on April 8, 2025.
Technically, this is the first XRP ETF in the US, despite not being a spot XRP ETF, it still counts as an exchange-traded fund.
According to Bloomberg analyst Eric Balchunas, the Teucrium 2x Long Daily XRP fund is slightly unusual since leveraged ETFs tend to launch after a spot fund has been established.
Teucrium launches leveraged XRP ETF without spot
Teucrium’s leveraged ETF will have the ticker XXRP and open for trading from April 8 2025 under NYSE Arca.
Reports suggest the fund is designed to reward holders with a 2x daily return of the XRP token by utilizing pre-defined swap agreements.
If the XRP token surges by 1%, the fund will climb by 2%. As you can imagine, crypto is volatile, so the same rule will apply if XRP goes down or up.
Official documentation of the token suggests Teucrium will change a 1.89% management fee on top of the fund with the ideal investor being those interested in short-term swings, and believing in Ripple’s potential.
In February 2025, Brazil confirmed the first non-US spot XRP ETF before Ripple’s appeal with the SEC was dropped. With the SEC dropping their appeal, we can expect a spot ETF to arrive soon.
Teucrium is a US investment management firm controlling over $300 million in assets. The company previously launched Bitcoin futures ETF in April 2022.
Bloomberg analyst predicts more ETFs to come for altcoins and Ripple
In 2024, Eric Balchunas predicted that new altcoins exchange-traded funds, such as Litecoin, Ripple, and Hedera Hashgraph, would come after recent Etheruem and Bitcoin combined ETFs.
So far, Eric Balchunas’s prediction has been on a path to becoming a reality. Ripple CEO Brad Garlinghouse stated that XRP ETFs are on the way very soon, hoping for a spot release in mid-2025.
Despite Trump’s global tariff trade war and its effect on the stock market, the outlook for the cryptocurrency market going forward is extremely positive. Already, the SEC and Crypto Task Force plan to host regular meetings to discuss digital asset policies.
Paul Atkins, set to replace Gary Gensler as SEC chairman in 2025, recently spoke about the importance of clear regulations for the benefit of investors and crypto companies in the US.
The post Teucrium Launches 2X Leveraged XRP ETF as Spot Funds Take Backseat first appeared on AllinCrypto.
