Today, on April 8th, Teucrium will launch the first exchange-traded fund (ETF) for Ripple (XRP) in the US. The fund named Teucrium 2x Long Daily XRP ETF with the trading symbol XXRP will be available on the New York Stock Exchange Arca (NYSE Arca). The aim of this leveraged fund is to provide double the daily performance of Ripple cryptocurrency and has a 1.85% management fee. The annual expense ratio is also stated to be 1.85%. This fund is suitable for investors with a short-term view on Ripple’s price. Currently, the net asset value of this fund is around $2 million. Gilberti, the founder and CEO of Teucrium, has mentioned a high interest from investors for the Ripple ETF. He also hinted at the possibility of launching more cryptocurrency funds in the future. Meanwhile, Eric Balchunas, an ETF market analyst at Bloomberg, finds the launch of the first leveraged Ripple ETF somewhat unusual but sees a high chance for the establishment of an XRP Spot ETF. Several companies including Grayscale, Bitwise, Franklin Templeton, and 21Shares have applied to offer an XRP Spot ETF. In February, the approval likelihood for this ETF in 2025 was announced to be around 65%, although market predictions by Polymarket put this probability at 75%. It is worth noting that Ripple’s four-year legal case with the US Securities and Exchange Commission (SEC) recently concluded with the initial $125 million fine reduced to $50 million. On the CoinGecko page, you can view the live prices of all tokens and cryptocurrencies in real-time.
