{"id":21029,"date":"2025-04-08T05:46:47","date_gmt":"2025-04-08T05:46:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21029"},"modified":"2025-04-08T05:46:47","modified_gmt":"2025-04-08T05:46:47","slug":"us-to-get-its-first-xrp-based-etf-launching-on-nyse-arca","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21029","title":{"rendered":"US to get its first XRP-based ETF, launching on NYSE Arca"},"content":{"rendered":"
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Asset manager Teucrium Investment Advisors is set to launch the first XRP-based exchange-traded fund in the US markets, a leveraged XRP (ETF) on the NYSE Arca.<\/p>\n

The Teucrium 2x Long Daily XRP ETF will seek to offer investors two times the daily return of the XRP (XRP<\/a>) token with a 1.85% management fee and annual expense ratio, according<\/a> to the company\u2019s website. The XRP-based ETF will trade under the XXRP ticker beginning April 8.<\/p>\n

“If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,” the alternative asset manager said.<\/p>\n

XXRP currently has $2 million worth of net assets.<\/p>\n

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Details of Teucrium\u2019s soon-to-be-launched XXRP ETF. Source: <\/em>Teucrium<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Teucrium founder and CEO Sal Gilbertie told<\/a> Bloomberg on April 7 that investors had shown strong interest in an XRP ETF and hinted that it may file to list more crypto ETFs in the future.<\/p>\n

Gilbertie was also pleased that XXRP would launch during a market downturn driven largely by US President Donald Trump\u2019s tariffs.<\/a><\/p>\n

\u201cWhat better time to launch a product than when prices are low?\u201d Gilbertie told Bloomberg.<\/p>\n

Likelihood of an approved spot XRP ETF still high: Analyst<\/h2>\n

Bloomberg ETF analyst Eric Balchunas said<\/a> it was \u201cvery odd\u201d to see a new asset\u2019s first ETF come in leveraged form \u2014 however, he added that the odds of a spot XRP ETF being approved remain \u201cpretty high.\u201d<\/p>\n

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Source: <\/em>Eric Balchunas<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Several spot XRP ETF applications from the likes of Grayscale,<\/a> Bitwise, Franklin Templeton, Canary Capital and 21Shares<\/a> are being reviewed by the Securities and Exchange Commission.<\/p>\n

In February, Balchunas and fellow Bloomberg ETF analyst James Seyffart attributed 65% approval odds<\/a> to a spot XRP ETF in 2025.<\/p>\n

Predictions market Polymarket states there is currently a 75%<\/a> chance that the SEC will approve a spot XRP ETF<\/a> in 2025.<\/p>\n

Related: <\/strong><\/em>XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline<\/strong><\/em><\/a><\/p>\n

Up until recently, ETF issuers would have seen a different environment for filing for XRP ETFs<\/a> as Ripple Labs \u2014 the creators of the XRP token \u2014 and the SEC battled out a four-year court battle over XRP\u2019s security status.<\/p>\n

That case came to a close last month.<\/p>\n

Teucrium has amassed over $310 million worth of assets under management since it was founded in 2010.<\/p>\n

It offers mostly agricultural commodities<\/a>, such as ETFs tracking the likes of corn, soybeans, sugar and wheat.<\/p>\n

Magazine: <\/strong><\/em>XRP win leaves Ripple and industry with no crypto legal precedent set<\/strong><\/em><\/a><\/p>\n