- Investor interest in XRP is very high, with significant inflows since April 2025.
- Teucrium Trading’s 2x Long Daily XRP ETF (XXRP) launched in April 2025 and does not hold XRP tokens directly.
- The ETF uses financial instruments like total return swaps and cash-settled XRP futures to achieve twice the daily price movement of XRP.
- The product’s daily leverage means returns over multiple days can deviate sharply from twice XRP’s performance.
- XRP price rose 26% year to date while the ETF is down 15% YTD, showing risks related to leverage and volatility.
Teucrium Trading announced strong investor demand for its 2x Long Daily XRP ETF (XXRP), which launched on April 8, 2025, and is listed on NYSE Arca. The fund aims to provide twice the daily price movement of XRP without holding the cryptocurrency directly, attracting inflows of “hundreds of millions” within about 16 weeks.
According to the ETF’s fact sheet, the strategy primarily uses total return swaps—a type of financial contract—with major institutions, and may also use cash-settled XRP futures contracts to achieve its objective before fees and expenses. This approach allows the fund to track XRP’s price movements with leverage on a daily basis.
The fund’s design is explicitly for daily returns and is not meant to deliver two times XRP’s performance over longer periods. “Compounding and volatility can cause multi-day returns to differ — sometimes sharply — from 2x XRP,” the disclosures note. Other risks include leverage effects, tracking errors, counterparty exposure from swaps, liquidity issues, and normal ETF market trading factors like bid-ask spreads.
At 12:55 p.m. London time on October 26, 2025, XRP traded at $2.64, up 2.2% in 24 hours and 26% year to date (YTD). Meanwhile, the Teucrium 2x Long Daily XRP ETF closed the previous trading day at $22.90, rising 7.06% that day but down 15.03% YTD.
Sal Gilbertie, President and CEO of Teucrium Trading, credited the strong interest to the support of the “XRP Army” and described the fund as the company’s most successful launch. Though Gilbertie calls himself an XRP enthusiast, he suggests that investors might find bigger opportunities in companies adopting blockchain technology broadly rather than focusing solely on specific cryptocurrencies. He compared the current landscape to the internet’s development phase during the 1990s and expressed confidence that an exchange-traded fund (ETF) boom is inevitable in the crypto sector. See the XXRP Factsheet for more information.
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