Investor enthusiasm for XRP has been “enormous,” according to Teucrium Trading CEO Sal Gilbertie, who called the firm’s 2x Long Daily XRP ETF (XXRP) its most successful product launch to date.
Speaking on CNBC’s ETF Edge, Gilbertie said the fund attracted hundreds of millions of dollars within 16 weeks of its April debut, crediting the “XRP Army” for the rapid traction. He described the response as “extraordinary,” noting that it underscores the deep retail and institutional interest surrounding XRP.
While expressing optimism for XRP’s long-term role, Gilbertie suggested that the broader investment potential may lie in companies building with blockchain technology, likening the current environment to the early internet era. He also said there is “no question” a broader wave of crypto ETFs is coming.
Launched on April 8, 2025, and listed on NYSE Arca, XXRP aims to deliver 2x XRP’s daily return using total return swaps and cash-settled XRP futures, without holding the token itself. Teucrium cautions that the leveraged structure can lead to significant tracking differences over time due to compounding and volatility.
The fund also carries exposure to counterparty and liquidity risks, along with standard ETF trading frictions such as bid-ask spreads and premiums/discounts.
As of Oct. 26, XRP traded at $2.64, up 2.2% in 24 hours and 26% year-to-date, per CoinDesk data. The XXRP ETF closed Friday at $22.90, rising 7.06% on the day but down 15.03% YTD, according to Yahoo Finance.
