Teucrium’s 2x XRP ETF Makes Strong Debut With $5M in Day-One Volume
Teucrium Investment Advisors’ newly launched 2x Long Daily XRP ETF (XXRP) posted an impressive $5 million in first-day trading volume, marking one of the firm’s strongest ETF rollouts to date and ranking in the top 5% of ETF launches this year by activity.
The fund is the first leveraged XRP ETF available in the U.S., offering twice the daily return of XRP through swap agreements. With no domestic spot XRP ETF yet approved, XXRP uses reference pricing from European XRP ETPs and may integrate other XRP-linked instruments to enhance execution and control costs.
Teucrium CEO Sal Gilbertie attributed the successful launch to regulatory shifts under the new U.S. administration, which signaled a more favorable stance toward crypto financial products.
“We filed as soon as the prior SEC administration stepped down and moved swiftly to launch after the 75-day review window,” Gilbertie said. “This has been our most successful fund debut so far.”
Compared to similar offerings, XXRP’s volume outpaced the 2x Solana ETF (SOLT) fourfold, reflecting significant demand for leveraged XRP exposure, according to Bloomberg ETF analyst Eric Balchunas.
Gilbertie noted the fund is designed for short-term tactical trading, rather than long-term holding, due to its daily reset mechanism, which may lead to tracking divergence over time.
Teucrium, which currently manages $320 million across 12 ETFs, is also considering a 2x inverse XRP ETF, allowing traders to take leveraged short positions, though it will evaluate demand before proceeding with a formal launch.
