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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Apr 08, 2025 21:04 UTC
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First Ever XRP ETF Goes Live on NYSE Arca: Here’s How to Invest
Teucrium launches XXRP, the first U.S.-based 2x leveraged XRP ETF, offering high-risk, high-reward exposure to crypto markets.
XXRP's debut sparks interest as XRP briefly jumps 6%; investors eye potential gains despite volatility and SEC scrutiny.
Teucrium Investment Advisors has launched the first-ever XRP-based Exchange-Traded Fund (ETF) in the United States. The Teucrium 2x Long Daily XRP ETF (ticker: XXRP) started trading on the NYSE Arca exchange on April 8, 2025. This marks an important moment as itโs the first ETF in the U.S. tied to XRP.
The XXRP ETF is a 2x leveraged fund, meaning it tries to double the daily price movement of XRP. This can lead to higher gains but also bigger risks because XRP is known for its price volatility. The launch of this leveraged ETF comes as interest in cryptocurrency-based ETFs grows, with other firms like Bitwise, WisdomTree, and Franklin Templeton also working on XRP-related ETFs. However, their filings are still under review by the U.S. Securities and Exchange Commission (SEC).
On the day the ETF launched, XRPโs price moved a lot. It briefly went up by 6% to just under $2 before dropping those gains.
A New Era of Crypto-Related ETFs
Teucriumโs XXRP is part of a larger trend where more investors are looking for ways to gain exposure to cryptocurrencies like XRP without actually buying and managing the coins themselves. Cryptocurrencies are still new to the ETF world, and XXRP offers a new investment option for those interested in the digital asset market.
- Also Read :
- Ripple Lawsuit News: SEC Says XRP Case Still Under Appeal While Ripple Claims Itโs Settled
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As the first leveraged XRP ETF in the U.S., XXRP is setting a new standard. The coming months will reveal how well it performs, especially with XRPโs price volatility and the regulatory challenges ahead.
How to Invest
If you manage your own investments, you can buy Teucriumโs ETFs through your brokerโs website. Many popular brokerage platforms allow you to invest in these funds. Some of the more common ones are Ally Invest, Charles Schwab, eTrade, Fidelity, Interactive Brokers, Robinhood, SoFi Invest and Vanguard.
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