Key dealers
- The new exploited XRP ETF of Teucrium, Symbol XXRP, reached $ 5 million in debut.
- ETF offers 200% daily exposure to XRP’s price and is intended for short -term trade.
The first US utilized XRP ETF, Teucrium’s 2x long daily XRP ETF, was on its way to a strong start with approximately $ 5 million today-a trading volume figure that places it in the 5% of all new ETF launches, according to Bloomberg ETF Analyst Eric Balchunas.
The fund, trade under Ticker XXRP, drew about four times the debut activity for volatility shares 2x Solana ETF (Solt), Balchunas noted.
$ Xxrp (2x XRP ETF) saw $ 5 million in volume on day one, very respectable, especially considering the mkt conditions. It puts it in about top 5% of new ETF launches, and about 4x what 2x solaa ETF $ Sun made (even both 200x less than King Ibit). pic.twitter.com/U3QQQ5YUHV
– Eric Balchunas (@ericbalchunas) April 8 2025
The Solt -Fonden was launched on March 20 together with the Volatility shares Solana ETF (Solz) as one of First Soana Futures ETFS In the United States.
The 2x long daily XRP ETFwhich was launched by Teucrium Investment Advisors on April 8, aims to offer double the daily return on XRP with swap agreements.
The reference levels for the swaps now include several European exchange traded products due to the absence of appropriate US-listed Spot XRP ETF.
The company, known for its Commodity ETFs, expands its crypto offers after its former Bitcoin Futures ETF launch.
“A fantastic, very successful launch”
The utilized ETF is Teucrium’s most successful ETF launch to date, says Sal Gilbertie, CEO of Teucrium, on a Tuesday interview with Crypto Prime’s Nate Geraci.
“It’s been a fantastic, very successful launch – our most successful launch day so far for all the funds we have ever done,” Gilbertie said. “It was overwhelming excitement … I think a lot because we are overlooked.”
Teucrium signed up for the product shortly after the previous Sec-Administration resigned, and with the usual 75-day window that has passed, the fund launched at the first available opportunity.
“We handed in as soon as we could after the old SEC regime left … We launched today,” Gilbertie said. “I think it’s almost on a few hundred thousand shares.”
ETF is currently receiving exposure to XRP through Swapps based on European XRP ETPs, although it has flexibility to keep other XRP-connected instruments, including future when available, to optimize efficiency and costs.
It is important that the product is not designed for buy-and-hold-investors, Gilbertie added.
“This is definitely a short-term trading tool for a day,” Gilbertie said. “Due to the recovery and math … If that supply goes very slowly or sideways or down, you will lose money.”
Still, for aggressive traders, the appeal is there.
“It’s pretty hard to get leverage (on XRP), and these 2x products … make it easy,” he said. “Ordinary people with their Robinhood account can sit there and trade a share of leverage.”
The launch comes in the midst of what Gilbertie describes as a more crypt -friendly regulatory environment.
“Before the new Sec, the old Sec was an obstacle. The crushed innovation, they were an enemy of crypto courses,” he said, noting that under new leadership, the review process for XXRP was relatively smooth.
“They were not looking for an obstacle … They simply made sure we followed the rules and regulations,” he said.
Teucrium eyes a reverse XRP ETF
Teucrium, which manages approximately $ 320 million over 12 ETF, has already applied for a reverse XRP ETF called the Teucrium 2x Short Daily XRP ETF, according to its Prospective material.
Utilized Inversa ETFs would allow investors to potential profit when the XRP prices decrease. However, Gilbertie said that the company is launching until it measures investors’ appetite.
Teucrium also left the door open for future crypto -related products.
“We are an ETF company … We are willing to do all ETF that we believe will provide an extra tool for investors,” he said.
On Crypto’s broader role in a portfolio, Gilbertie made a clear distinction between Bitcoin and other assets.
“I think there is bitcoin and there is everything else,” he said. “Bitcoin is digital gold – it should be in your portfolio to stabilize it.”
When it comes to assets such as XRP, Ether or Solana, he said they are similar to technology platforms.
“They are systems, they are technical systems … they should be priced as technology,” he said. “And when Ripple gets public … I guess they will be valued as technology layers.”
