Catenaa, Thursday, April 10, 2025- Teucrium Investment Advisors LLC is set to launch the first-ever XRP-based exchange-traded fund (ETF) in the US on Tuesday.
The Teucrium 2x Long Daily XRP ETF (XXRP) will offer a leveraged fund that aims to deliver twice the daily price performance of XRP, the fourth-largest cryptocurrency by market capitalization.
It began trading on NYSE Arca on April 8 with a management fee of 1.85% and monthly distributions.
The launch comes amidst growing interest in cryptocurrency ETFs in the US, as multiple issuers, including Grayscale, WisdomTree, and Bitwise, have filed for spot XRP ETFs, which are still under review by the U.S. Securities and Exchange Commission (SEC).
Bloomberg’s Senior ETF Analyst, Eric Balchunas, noted that while this marks the first XRP ETF, its leveraged nature is unusual, given that spot XRP ETFs are still awaiting approval.
