BTC
$79,575.02
+
6.38%
ETH
$1,581.98
+
10.47%
USDT
$0.9997
+
0.06%
XRP
$1.8746
+
12.63%
BNB
$560.76
+
7.34%
USDC
$1.0000
–
0.02%
SOL
$109.63
+
12.90%
DOGE
$0.1497
+
13.60%
TRX
$0.2326
+
5.13%
ADA
$0.5872
+
13.61%
LEO
$8.9714
+
1.24%
TON
$3.1165
+
8.00%
LINK
$11.65
+
14.03%
AVAX
$17.28
+
16.40%
XLM
$0.2309
+
14.11%
SHIB
$0.0₄1136
+
9.10%
HBAR
$0.1585
+
24.77%
SUI
$2.0398
+
16.62%
OM
$6.3063
+
7.21%
BCH
$277.84
+
10.29%
By Shaurya Malwa|Edited by Parikshit Mishra
Apr 8, 2025, 6:01 a.m.
Teucrium Investment Advisors will debut the first-ever XRP exchange-traded fund (ETF) in the U.S.
The Teucrium 2x XRP ETF (XXRP) give investors a 2x leveraged exposure to the closely related Ripple token. XXRP will start trading on the NYSE Arca on Tuesday even before a standard “spot” XRP ETF has been approved by regulators.
STORY CONTINUES BELOW
“Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, although our odds are pretty high,” Bloomberg Intelligence analyst Eric Balchunas said in an X post.
Typically, ETFs tracking emerging assets like cryptocurrencies begin with unleveraged “spot” funds — those that directly hold the underlying asset — before more complex leveraged products are introduced.
Teucrium will charge a management fee of 1.85%. The firm cautioned that XRP’s price volatility and declining usage on the Ripple network could pose challenges to the fund’s performance, reflecting broader concerns about the token’s adoption and market stability.
Teucrium’s leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review. Major fund managers, including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton, have filed proposals to bring unleveraged XRP ETFs to market.
The SEC has previously acknowledged these applications, and decisions expected in the coming months could pave the way for additional XRP investment options.
XRP is up 6.5% in the past 24 hours, in line with a broader market move higher.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
Contact
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
© 2025 CoinDesk, Inc.
