Ripple: First XRP ETF debuts in the US — price begins recovery

On April 8, 2025, Teucrium Investment Advisors launched the first XRP-based exchange-traded fund (ETF) in the United States. Known as the Teucrium 2x Long Daily XRP ETF, the product trades under the ticker symbol XXRP on NYSE Arca and aims to deliver double the daily performance of XRP.

A leveraged XRP ETF marks its US debut

This ETF allows investors to gain leveraged exposure to XRP, meaning they can potentially double both gains and losses from daily XRP price movements. The XXRP fund achieves this by using swap agreements to track 2x daily performance and charges a management fee of 1.85%.

The timing is notable — this marks the first XRP ETF in the US, and it is a leveraged product rather than a traditional spot ETF. Bloomberg analyst Eric Balchunas highlighted how rare it is for the first ETF of any asset to be a leveraged one. While a spot XRP ETF is still awaiting approval, Balchunas believes the chances are looking strong, bolstering confidence in Ripple’s outlook.

Solid demand despite volatile markets

On its first trading day, the XXRP ETF saw a trading volume of over 215,000 shares, signaling solid investor interest. This came despite broader market weakness triggered by new US tariffs. The CEO of Teucrium, Sal Gilbertie, stated that the fund is designed as a short-term trading tool, particularly effective during times of volatility — which XRP has seen in abundance lately.

XRP has remained highly volatile in recent weeks, as shown in data from TradingView. Nevertheless, the launch of the XXRP ETF may offer new momentum and legitimacy for the asset in institutional investment circles.

With the ETF now live and market sentiment gradually improving, many analysts are revisiting their bullish predictions for XRP, especially if a spot ETF follows in the near future.