Crypto investors finally have something exciting to cheer about – especially those backing XRP. As Ripple moves closer to ending its long-running legal battle with the SEC, a major development is taking shape that could shift the game for XRP adoption in the US. For the first time ever, a leveraged ETF tied to XRP is about to launch, giving traders a new way to double down on the token’s daily moves.
It’s a surprising twist in the XRP story – one that’s arriving even before the long-anticipated spot ETF. Let’s break it down.
Teucrium Investment Advisors is launching a 2x leveraged XRP ETF called XXRP on NYSE Arca starting April 8. The fund is designed to deliver twice the daily return of XRP by using swap agreements that mirror the asset’s price changes. This gives traders a new option to bet on XRP’s short-term moves, even before a standard spot XRP ETF is approved.
The ETF comes with a 1.89% management fee and is aimed at active traders looking for bigger short-term gains without directly owning XRP.
Since a spot XRP ETF is not yet available in the US, the XXRP fund will rely on XRP products listed in Europe. These include offerings from 21Shares, Bitwise, WisdomTree, Virtune, and CoinShares. The ETF will also use benchmarks like the CME CF XRP-Dollar Reference Rate and the XRP-Dollar Real-Time Index to guide its performance.
It’s highly unusual for a leveraged crypto ETF to launch before a spot version. Bloomberg analyst Eric Balchunas called the timing “very odd,” especially since a spot XRP ETF is widely expected but still waiting for SEC approval.
Teucrium also plans to launch a short version of the ETF soon. This would let investors try to profit from daily price drops in XRP.
Teucrium CEO Sal Gilbertie says now is the right time for this product, pointing to XRP’s relatively low price and growing investor interest. Teucrium currently manages 311 million dollars and is known for niche ETF products, including a Bitcoin futures ETF approved in 2022.
The ETF launch comes as confidence grows around Ripple’s legal battle with the SEC. Ripple CEO Brad Garlinghouse recently said that multiple XRP ETFs could arrive in the second half of 2025.
With the SEC dropping parts of its case against Ripple, market confidence has climbed sharply. The chances of XRP ETF approval are now estimated at 86%, and XRP’s price has jumped 14% in response. Major players like Bitwise, Franklin Templeton, Grayscale, and 21Shares have already filed ETF applications. Industry watchers believe BlackRock and Fidelity could also join the race soon.
At the time of writing, XRP is trading around $1.87, down 3% on the day, but investor interest remains high as excitement around XRP ETFs continues to grow.
Who would’ve guessed a leveraged XRP ETF would beat a spot one to the punch? Crypto is never boring!
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