US-based asset manager Teucrium Investment Advisors is presenting the debut of its XXRP ETF – a 2x leveraged product set to hit NYSE Arca on April 8. Yes, you read that right: the very first ETF for Ripple’s XRP is coming in hot with leverage, even though spot XRP applications are still in line at the SEC door.
Bloomberg’s Senior ETF Analyst Eric Balchunas called this launch “very odd (maybe a first)” on X, highlighting the uncanny scenario where a new asset’s inaugural ETF dares to double the daily performance of XRP, all while spot approvals are playing hard to get. For those daring enough to jump on this rollercoaster, the ETF is geared for short-term trades and comes with a management fee of 1.85% – a small price when you’re riding this wild crypto bull.
A 2x XRP ETF is launching tmrw in US, 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, altho our odds are pretty high. Story via @isabelletanlee pic.twitter.com/Eg4Wq5Y1Qi
— Eric Balchunas (@EricBalchunas) April 7, 2025
Teucrium’s fund literature cheekily warns that the fun ride might hit bumps due to XRP’s inherent volatility and the token’s declining usage. Even so, the launch comes hot on the heels of a flurry of spot XRP ETF submissions from the likes of WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton – all eagerly waiting for the SEC to drop the mic on its regulatory narrative.
Adding another twist to the tale, this launch follows the SEC’s March decision to drop a long-running case against Ripple (plus a $50 million fine for good measure), further fueling the crypto frenzy. Meanwhile, Ripple’s native token, XRP, is trading at around $1.87, down 3% over the past 24 hours – a small hiccup in what’s already shaping up as a high-octane crypto carnival.
So, if you’re ready to strap in and embrace the leap with a cheeky 2x leveraged XRP adventure, Teucrium’s bold move might just be the wild ride you’ve been waiting for!
HODL Team
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