First XRP ETF Set to Debut in the U.S.: But There’s a Catch

lectertodd08/04/20251 Mins read80

First Xrp Etf Set To Debut In The U.s. But There’s A Catch

First XRP ETF Set to Debut—But Why Is It Leveraged from the Start?

The first exchange-traded fund based on XRP will be introduced to the U.S. market on Tuesday by Teucrium Investment Advisors LLC, an asset manager located in Vermont. The Teucrium 2x Long Daily XRP ETF (XXRP) is a leveraged fund that offers investment outcomes equivalent to twice the daily price performance of XRP.

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If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,

the company website

XXRP is described as having monthly payouts at a 1.85% management fee ratio and beginning trading on April 8 on NYSE Arca. The sole XRP-related fund on the Depository Trust and Clearing Corporation’s (DTCC) official list of pre-launch and active U.S. ETFs is Teucrium’s XXRP.

A 2x XRP ETF is launching in the U.S., the first-ever XRP ETF on the market. 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,

Bloomberg Senior ETF Analyst Eric Balchunas

XRP ETF Hopes Rise After Ripple’s $50M Settlement with SEC

The SEC’s March decision to abandon its lengthy case against Ripple Labs, which included a $50 million settlement, comes after the introduction of the ETF. The likelihood of spot XRP ETF approvals in the near future is anticipated to rise as a result of this legal outcome, which has removed a significant obstacle.

The SEC has acknowledged applications for spot XRP ETFs submitted by several significant asset managers, including WisdomTree, Bitwise, 21Shares, and Franklin Templeton. The influx of applications coincides with a pro-crypto regulatory shift under President Donald Trump’s administration and comes after spot Bitcoin ETFs were approved in January.

Despite the opening of regulatory doors, market watchers are still wary. Min Jung, a research analyst at Presto Research, pointed out that Ethereum ETFs have not gained much traction thus far and underlined that institutional demand for spot XRP ETFs is yet unknown.

If any new spot ETFs are approved after Bitcoin and Ethereum, XRP or Solana are strong contenders,

Jung

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lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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