TechFlow news, April 8 — According to Bloomberg, Teucrium Investment Advisors launched today (April 8) the first leveraged ETF in the U.S. tied to the XRP cryptocurrency. The fund will trade under the ticker "XXRP" with an expense ratio of 1.85%, aiming to deliver twice the daily return of the XRP token.
This move comes just weeks after the U.S. SEC dropped its case against Ripple Labs, the creator of XRP, and is seen by the industry as a significant signal of a more favorable regulatory environment. XRP is currently the fourth-largest cryptocurrency by market capitalization, valued at approximately $111 billion.
Teucrium CEO Sal Gilbertie said that despite the sharp decline in the crypto market due to Trump's tariff policies, "launching products during price downturns is a smart move," adding that XRP has generated strong investor interest.
Analysts believe the launch of such ETFs could pave the way for more spot cryptocurrency funds in the future, following the development path of Bitcoin and Ethereum ETFs.
Teucrium, founded in 2010, currently manages $311 million in assets.
