First XRP ETF Debuts in the US
Teucrium Investment Advisors is set to launch the first-ever XRP exchange-traded fund (ETF) in the US The Teucrium 2x XRP ETF (XXRP) offers investors a 2x leveraged exposure to the Ripple token.
XXRP will be available on the NYSE Arca starting Tuesday, even before a standard “spot” XRP ETF receives regulatory approval.
“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,” commented Bloomberg Intelligence analyst Eric Balchunas in a post on X.
Typically, ETFs for emerging assets like cryptocurrencies begin with unleveraged “spot” funds—those directly holding the underlying asset—before moving to more complex leveraged products.
Teucrium will charge a management fee of 1.85%. The firm noted that XRP’s price volatility and declining usage on the Ripple network could challenge the fund’s performance, highlighting concerns about the token’s adoption and market stability.
