Investor appetite for XRP exposure remains strong, with Teucrium Trading CEO Sal Gilbertie describing the response to the firm’s 2x Long Daily XRP ETF (XXRP) as “extraordinary” — its most successful product debut to date.
Speaking on CNBC’s ETF Edge, Gilbertie revealed that the fund attracted hundreds of millions of dollars within just 16 weeks of launch. He credited the XRP community for driving early traction and said the inflows highlight “enormous” demand for regulated investment products tied to digital assets.
While expressing personal enthusiasm for XRP, Gilbertie emphasized that the longer-term opportunity lies in companies deploying blockchain technology, likening today’s environment to the early internet era. He added that the next phase of ETF innovation “will undoubtedly expand across the crypto landscape.”
Launched on April 8, 2025, and listed on NYSE Arca, Teucrium’s XXRP ETF seeks to deliver twice XRP’s daily performance through derivatives rather than direct token holdings. The fund’s structure relies primarily on total return swaps with major financial counterparties, and may also use cash-settled XRP futures to achieve its leverage target.
The ETF’s documentation notes that its strategy is intended for daily exposure only, with compounding and volatility potentially causing multi-day results to diverge from 2x XRP’s return. Investors are also warned of risks related to leverage, tracking error, counterparty exposure, and liquidity constraints typical of leveraged ETFs.
As of 12:55 p.m. London time on Oct. 26, XRP traded at $2.64, up 2.2% over 24 hours and 26% year-to-date, according to CoinDesk data. Meanwhile, Teucrium’s XXRP ETF closed Friday at $22.90, rising 7.06% on the day but still down 15.03% YTD, per Yahoo Finance.
