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Asset Manager Teucrium Set to Roll Out First Leveraged XRP ETF in the US

Apr 8, 2025

Teucrium Investment Advisors is gearing up to introduce the inaugural leveraged exchange-traded fund (ETF) focused on XRP in the United States. This innovative product, called the Teucrium 2x Long Daily XRP ETF, is scheduled for its launch on the NYSE Arca trading platform under the ticker XXRP on April 8.

The fund aims to deliver investors double the daily returns of the XRP crypto token, featuring a 1.85% management fee alongside an annual expense ratio, as outlined on the firm’s official website. At present, XXRP has around $2 million in net assets.

Teucrium portrays this offering as ideal for investors with a short-term, confident stance on XRP prices, branding it as a tactical tool during times of market uncertainty.

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XRP ETF Launch Coincides with Global Trading market Decline Due to Trump’s Tariffs

The launch coincides with a wider decline in global markets, predominantly driven by new tariffs implemented by U.S. President Donald Trump. “What better moment to launch a product than when prices are at a low?” remarked Teucrium CEO Sal Gilbertie in remarks to Bloomberg on April 7.

Gilbertie also suggested that Teucrium might submit further applications to introduce crypto-related ETFs in the future, pointing to rising investor interest in varied digital asset offerings.

This initiative is significant as it signifies the first XRP-based ETF in the U.S., and notably, it launches in a leveraged capacity. Bloomberg ETF analyst Eric Balchunas described the move as “very unusual,” but conceded that a spot XRP ETF approval is becoming more probable.

Balchunas and fellow Bloomberg analyst James Seyffart estimate a 65% likelihood of SEC approval for a spot XRP ETF by 2025. Polymarket odds are even more favorable, estimating the chance at 75%.

Several prominent asset managers—including Grayscale, Bitwise, 21Shares, Franklin Templeton, and Canary Capital—are currently awaiting responses on spot XRP ETF applications submitted to the U.S. Securities and Exchange Commission.

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XRP Regulatory Perspective Improves As Ripple’s SEC Legal Dispute Concludes

The regulatory landscape has evolved recently, following the conclusion of Ripple Labs’ protracted legal conflict with the SEC regarding XRP’s status as a protection.

This case, which lasted four years, was settled last month, paving the way for ETF issuers to explore XRP-based products with greater assurance.

Established in 2010, Teucrium oversees over $310 million in assets and is renowned for its ETFs concentrating on agricultural commodities such as corn, soybeans, sugar, and wheat.

Significantly, there has been an influx of non-BTC crypto ETF filings following Trump’s election win and the ensuing departure of former SEC Chair Gary Gensler.

Gensler, noted for his stringent regulatory stance on crypto, managed over 100 enforcement actions during his tenure before stepping down on January 20.

Since his exit, multiple firms previously targeted by the SEC have seen legal actions dismissed, including the crypto trading protocol Gemini on February 26 and the trading firm Cumberland DRW on March 4.

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Key Takeaways

  • Teucrium is set to launch the first leveraged XRP ETF in the U.S., which will begin trading under the ticker XXRP on April 8.
  • The ETF seeks to provide 2x daily returns on XRP and is launching during market fluctuations triggered by Trump’s new tariffs.
  • Ripple’s settled legal dispute with the SEC is enhancing hopes for spot XRP ETF approvals, with several filings currently under consideration.

The post Asset Manager Teucrium To Launch First Leveraged XRP ETF In US appeared first on 99Bitcoins.

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