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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Apr 08, 2025 11:44 UTC
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XRP News: First 2x Leveraged XRP ETF Hits NYSE This Week!
First 2x leveraged XRP ETF in the U.S. (XXRP) launched by Teucrium on NYSE Arca.
XXRP aims for double daily XRP returns, offering high potential gains but also doubled losses.
XRP's price jumped 6% on the news, with analysts still anticipating a spot XRP ETF approval.
The cryptocurrency market is on the verge of a major development. Teucrium Investment Advisors is preparing to launch the first-ever 2x leveraged XRP ETF in the United States, marking a significant moment for both the company and the broader crypto space.
The new fund, called XXRP, will begin trading on NYSE Arca starting April 8. It offers investors double the daily returns of XRP. That means if XRP rises by 5% in a single day, XXRP would deliver a 10% return. However, the same applies to losses, making this ETF a high-risk, high-reward product.
Following the announcement, XRP’s price rose 6%, reaching $1.90 as investor excitement grew around the launch.
How XXRP Stands Out
Unlike standard ETFs, XXRP is designed for short-term traders who want to take advantage of daily price movements in XRP. Teucrium has set a management fee of 1.85%, along with an annual expense ratio. At launch, the fund will hold $2 million in assets under management.
Sal Gilbertie, CEO of Teucrium, is optimistic about the fund’s potential. He pointed to strong investor interest in XRP and suggested that the company may roll out more crypto-related ETFs in the near future.
“If you strongly believe in XRP’s short-term price movements, this ETF could be a great opportunity.”
The timing of the launch is notable. XXRP is debuting during a period of broader market uncertainty, partly influenced by President Donald Trump’s new tariff policies. Launching a leveraged ETF in a downturn could be risky, but it also shows Teucrium’s confidence in the long-term outlook for XRP.
Attention Shifts to the Spot XRP ETF
While the leveraged fund is making headlines, many in the industry are focused on whether a spot XRP ETF will receive regulatory approval. Major asset managers including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton have submitted applications to the SEC, which are currently under review.
ETF analyst Eric Balchunas from Bloomberg noted that launching a leveraged ETF before a spot version is unusual. However, he believes the chances of a spot XRP ETF being approved remain high.
Estimates currently place the chance of approval for a spot XRP ETF at 65% by 2025. Meanwhile, prediction market Polymarket gives it a higher likelihood, at around 75%.
- Also Read :
- Planning to Invest in the US’ First XRP ETF? Here’s Why Teucrium Says It Could Go to Zero
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XRP Price: What Comes Next?
Since the announcement of XXRP, XRP has climbed to $1.90. Technical indicators show strong support around $1.65. If XRP can break through resistance between $1.95 and $2.00, analysts believe it could climb further to $2.60. On the other hand, if it fails to move past that resistance, a pullback to around $1.69 is possible.
With markets shaky and eyes on the SEC, this could be one of those turning points people look back on and say, ‘That’s when things got interesting.’
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FAQs
Extreme volatility and daily compounding can lead to large losses, even in a single day.
Analysts estimate a 65–75% chance of approval by 2025, with interest from top asset managers.
Yes 
No 
