Catenaa, Tuesday, April 08, 2025- Teucrium Investment Advisors are launching a leveraged exchange-traded fund (ETF) linked to cryptocurrency XRP, the asset at the center of a recently ended probe of Ripple Labs by US regulators.
According to the company’s website, the Teucrium 2x Long Daily XRP ETF, which aims to use swaps to offer twice the daily return of the XRP token, starts trading on Tuesday.
The product will be the first ETF of its kind in the US to offer exposure to the fourth-largest cryptocurrency, with a market value of around $111 billion. The ETF will trade under the ticker XXRP and have a 1.85% expense ratio.
Teucrium, founded in 2010, last week had $311 million in assets under management and is home to 12 alternative-markets ETFs.
The ETF’s prospectus says it may trade XRP futures down the line, as well as other instruments it deems appropriate that offer XRP exposure. There are currently no actively traded XRP futures on a major commodities exchange.
The launch comes weeks after the US Securities and Exchange Commission dropped its case against Ripple Labs — whose founders created XRP — similar to a slew of other enforcement actions against the likes of Coinbase Global Inc. and Binance Holdings Ltd. that have been abandoned since President Donald Trump took office.
Data by Bloomberg shows that spot-Bitcoin ETFs have amassed $94 billion since their debut in January 2024, that’s in contrast to $6 billion in Ether ETFs, which launched around July last year.
As a cohort, cryptocurrencies have wiped out almost all their gains since Trump’s election win as fallout from his tariff onslaught sparked heavy selling
The SEC’s 2020 case against Ripple was a landmark moment for the industry as it signaled an escalation in the regulator’s crypto enforcement efforts. Of late, regulators have taken a friendlier stance, a stark contrast to the heavy regulation under former President Joe Biden’s administration. Ripple was a major political donor during the last congressional election cycle.
