- Teucrium launched the first U.S. ETF offering 2x daily leveraged exposure to XRP.
- Franklin Templeton and 21Shares also filed applications for U.S.-based XRP ETFs.
Teucrium Investment Advisors LLC, an asset management company from Vermont that is usually known through commodity-based products such as wheat and corn, has now officially launched Teucrium 2x Long Daily XRP ETF.
This product is not just any ETF – because this is the first ETF in the United States to offer leveraged exposure to XRP, complete with Ticker XXRP, which is now available at NYSE Arca.
🚨UPDATE: VERMONT’S TEUCRIUM TO LAUNCH 1ST U.S. $XRP ETF TODAY
— BSCN Headlines (@BSCNheadlines) April 8, 2025
This ETF is designed to give you double the daily movement of XRP prices. It means? If the price of XRP rises 1% a day, then this product has the potential to increase by 2%. But on the contrary, it also applies.
So, for those who like to be excited, like waiting for the results of the exam, this ETF can be an interesting choice-or even draining. The strategy used is based on a swap contract, which means that investors do not really buy XRP directly, but can still feel the ups and downs.
Leverage, Legal Wins, and What It Means for XRP ETF
What makes this launch more interesting is the time. SEC has just finished his long dispute with Ripple Labs. The effect? The clarity of the regulation of XRP becomes more open. In a market climate like this, the launch of the XRP-based ETF is not just an innovation, but also a signal that the market is more open to crypto with a clearer foundation.
On the other hand, XXRP management costs are at 1.85%. For leverage products, this number is actually quite common. But still, this is a separate consideration for investors who want to take advantage of daily volatility without having to bother opening a 24-hour nonstop chart.
Franklin Templeton and 21Shares Step Into the Game
Teucrium is the first to launch an ETF XRP with leverage in the US, but they are not the only ones who are staring at this niche. CNF previously reported that Franklin Templeton, an asset manager who manages funds of more than $1.5 trillion, has submitted a proposal to the SEC to launch a spot-based ETF for XRP.
Interestingly, the plan is that this ETF will be traded at the CBOE BZX Exchange with Coinbase as the main custodian – the signal that the XRP ecosystem begins to get a deeper place in the institutional world.
Not enough? There are still 21Shares, a company based in Zurich, Switzerland, who also submitted an application for ETF XRP for the US market this year. The company had previously been actively launching ETP Crypto in Europe and the Middle East, so their desire to enter the US market was not a big surprise.
Furthermore, on April 5, Andrew Parish, founder of X3 and one of the sources of information in the crypto space, said that BlackRock is likely to immediately offer an ETF for XRP and Solana (SOL). He said, “The crypto gate has been opened,” and 2025 could be a year full of surprises in terms of the new ETF submission. If BlackRock is playing, the ETF XRP landscape can turn into a competition arena for giants.
Meanwhile, as of press time, XRP is swapped hands at about $1.85, up 9.28% over the last 24 hours, driving its market cap to surpass the $108 billion mark.
