First XRP ETF in the U.S. to Go Live on Tuesday With Launch of Teucrium’s Leveraged Fund

Teucrium’s leveraged ETF debuts amid a flurry of spot XRP ETF applications that are currently being reviewed by the SEC.

• Teucrium Investment Advisors will create the first XRP ETF in the United States, with 2x leveraged exposure on the NYSE Arca exchange. 

• The ETF’s debut comes before the approval of a regular spot XRP ETF, which is unusual for emerging asset classes. 

• Teucrium warns of potential issues caused by XRP price volatility and falling Ripple network adoption.
• Teucrium Investment Advisors will launch the first XRP exchange-traded fund (ETF) in the United States. 

The Teucrium 2x XRP ETF (XXRP) provides investors with 2x leveraged exposure to the closely similar Ripple coin. XXRP will begin trading on the NYSE Arca on Tuesday, even before regulators have approved a standard “spot” XRP ETF. 

It’s unusual (and possibly a first) for a new asset’s debut ETF to be leveraged. “Spot XRP is still not approved, but our chances are pretty good,” Bloomberg Intelligence analyst Eric Balchunas wrote in an X post. 

Typically, ETFs following new assets such as cryptocurrencies begin with unleveraged “spot” funds that directly hold the underlying asset before progressing to more complicated leveraged products. 

Teucrium will impose a management fee of 1.85%. The firm warned that XRP’s price volatility and diminishing usage on the Ripple network could jeopardise the fund’s performance, highlighting broader concerns about the token’s acceptance and market stability. 

Ripple’s Legal Resolution Fuels ETF Momentum

Teucrium’s leveraged ETF debuts amid a flurry of spot XRP ETF applications that are currently being reviewed by the SEC. WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton have all filed plans to launch unleveraged XRP ETFs.

The SEC has previously accepted these applications, and judgments in the coming months may pave the way for new XRP investment opportunities. 

Crypto-asset investments are high-risk; you may lose your capital