Teucrium’s Leveraged XRP ETF Debuts With $5M Volume, Marking One of Its Most Successful Launches
Teucrium Investment Advisors made a notable entry into the leveraged crypto ETF market with the debut of its 2x Long Daily XRP ETF (XXRP), which generated $5 million in trading volume on its first day. The fund’s launch ranks among the top 5% of new ETF introductions and is being called one of the firm’s most successful debuts to date.
XXRP is the first leveraged XRP-focused ETF available in the U.S., offering investors twice the daily return of XRP through swap agreements. Due to the lack of a U.S.-listed spot XRP ETF, the fund references European-listed XRP products to gain exposure, alongside other instruments such as futures.
According to Teucrium CEO Sal Gilbertie, the ETF’s filing occurred promptly after a shift in leadership at the U.S. Securities and Exchange Commission (SEC), as the firm capitalized on a more crypto-friendly regulatory environment.
“We filed as soon as we could after the old SEC regime left … we launched today,” Gilbertie said on Tuesday. “I think it’s almost at a couple hundred thousand shares.”
The fund saw roughly four times the opening activity of Volatility Shares’ 2x Solana ETF (SOLT), according to Bloomberg ETF analyst Eric Balchunas, propelling XXRP into an elite tier of ETF debuts in terms of early volume.
“It’s been a terrific, very successful launch — our most successful launch day to date for any fund we’ve ever done,” Gilbertie said. “There was overwhelming excitement… I think a lot because we were overlooked.”
While XXRP is built for high-octane exposure, Gilbertie was clear that it’s not intended for long-term holding. Like many leveraged ETFs, it’s designed for short-term, intraday trading, with daily resets that can erode returns over time in sideways or gradually trending markets.
“This is absolutely a short-term trading tool — ideally for one day,” he said. “Because of the reset and the math … if that asset goes up very slowly or sideways or down, you will lose money.”
Teucrium, which currently manages around $320 million across 12 ETFs, is already preparing for a potential follow-up product: the Teucrium 2x Short Daily XRP ETF, which would allow traders to profit from XRP’s price declines. However, Gilbertie noted the firm will gauge investor interest before moving forward with the inverse fund.
