First-Ever XRP ETF Launches Tuesday — Will XRP Regain $2?

Teucrium Investment Advisors LLC is set to introduce the first XRP-based exchange-traded fund (ETF) in the United States on Tuesday, April 8. Named the Teucrium 2x Long Daily XRP ETF (XXRP), the product is a leveraged fund aimed at delivering twice the daily price performance of XRP.

The ETF will trade on NYSE Arca and includes a 1.85% management fee, along with monthly distributions. According to the Depository Trust and Clearing Corporation (DTCC), this is the only XRP-linked ETF currently listed among active and upcoming ETFs in the U.S. market.

This launch comes at a time when interest in crypto-related financial products continues to expand. Teucrium stated on its website that the new fund may appeal to those who have a short-term outlook and strong expectations on XRP’s price direction.

Spot XRP ETF Filings Await SEC Decision

While the leveraged ETF is preparing to trade, multiple issuers have submitted applications for spot XRP ETFs. These include well-known firms such as Grayscale, WisdomTree, and Bitwise. All filings are still under review by the U.S. Securities and Exchange Commission (SEC).

The review process appears to be moving forward, especially following the SEC’s acknowledgment of several filings earlier in the year. A recent legal settlement between Ripple Labs and the SEC may also help clear regulatory hurdles. Ripple agreed to pay a $50 million fine, down from the previously imposed $125 million, closing a legal case that spanned several years over whether XRP was considered a security.

“This launch could be seen as a stepping stone,” Bloomberg Senior ETF Analyst Eric Balchunas commented on X. “However, the fact that a leveraged product is being approved before a spot ETF is not common.”

Market Sentiment Remains Cautious on Spot ETF Demand

Though legal clarity around XRP has improved, market observers are still unsure whether there is enough investor appetite for a spot ETF. Ethereum-based ETFs, for example, have seen low institutional participation despite regulatory approvals.

“There’s curiosity, but not yet conviction,” said Min Jung, a research analyst at Presto Research. “The SEC’s progress on XRP suggests it’s a top contender, but it’s unclear how much traction a spot XRP ETF would really get.”

Some experts say XRP or Solana could be the next to receive approval if momentum continues. However, demand from both retail and institutional investors remains a question.

XRP Price Closes in on $2 Level

The price of XRP traded at $1.88 at press time, marking a 6.24% increase in the past 24 hours, with a market cap of approximately $111 billion. Despite the daily gain, XRP has declined by 8.95% over the past week, based on Coingecko data. Trading volume over the last 24 hours has surpassed $13 billion.

With the launch of XXRP and the possibility of a spot ETF in the future, attention is turning to whether XRP can approach or exceed the $2 mark again. The coming weeks may offer insights into how markets respond to the leveraged fund and whether further ETF approvals follow.