XRP Price Jumps 7% After April 8 First XRP ETF Launch — Will Ripple Keep Rising?

Teucrium Investment Advisors, an asset management firm, is launching the first XRP ETF in the US markets. This exchange-traded fund will be launched on the NYSE Arca as a leveraged ETF based on XRP. The leveraged nature of the 2x Long Daily XRP ETF will double the changes in value of XRP. As such, investors are engaging in a higher risk investment, with both higher risks and rewards. The XRP ETF will be known with the ticker of XXRP and will include the additional fees and costs. 

When Will XRP ETF Launch? Here’s What You Need to Know

Based on the website of the managing firm, investment in this ETF will include a 1.85% management fee. As to “when will XRP ETF launch?”, it is specified that this exchange-traded fund is available starting April 8. As of now, this fund has over $2 million in assets. The competitors have also commented on this development, as an alternative asset manager gave their opinion. “If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF.”. There was also an interview in which the CEO of Teucrium gave his own comments on the ETF launch. 

Why Is Now the Best Time to Launch an XRP ETF?

Sal Gilbertie, the founder and CEO of Teucrium Investment Advisors, gave an interview where he explained more about this product. He stated that his firm had found out that investors show interest in XRP ETFs. As such, this interest has led to them requesting an XRP ETF. He also alluded that in the near future they might request and open more XRP ETFs. Additionally, Gilbertie expressed his happiness with the lack of XRP price increases, stating that launching in a downtrend is beneficial. “What better time to launch a product than when prices are low?” 

A 2x XRP ETF is launching tmrw in US, the first-ever XRP ETF on the market. Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, altho our odds are pretty high. Story via ⁦⁦@isabelletanlee⁩ pic.twitter.com/Eg4Wq5Y1Qi

— Eric Balchunas (@EricBalchunas) April 7, 2025

Eric Balchunas, who is a renowned ETF analyst, announced this news in an X post. He also commented on the unusual order of approval for the XRP ETF. As he put it, it is very odd that the first ETF product for XRP is leveraged. However, in his opinion, approval of a spot XRP ETF will also be forthcoming. This approval comes as the requests for launching a spot XRP ETF are mounting. Companies like 21Shares, Bitwise, Canary Capital, Franklin Templeton, and Grayscale have already sent their requests to the Securities and Exchange Commission.

Will XRP ETFs Launch in 2025? New SEC Chair Ignites Hope

The community and market sentiment for these exchange-traded funds is high, and they are expected to be released in 2025. For example, James Seyffart, another well-known ETF analyst, had given a 66% chance of approval for XRP ETFs back in February. Additionally, the community’s prediction, which is visible on Polymarket, shows a 75% chance for the approval of these ETFs. This high possibility is only because of the new head of the SEC, who has shown crypto-friendly policies. If the new SEC chair had not moved towards dropping their lawsuit against Ripple, XRP ETF approvals would have been impossible. 

What’s Driving XRP’s Recovery After the Crypto Crash?

Such positive XRP news comes as the crypto market starts its recovery from its heavy crash yesterday, April 7. The XRP token has also seen a decent recovery from yesterday’s losses, trading at $1.85 as of writing this. This marks a 6.89% daily price increase, although the value is still down 12.70% from 7 days ago. Such a bump in price and daily growth can be attributed to the new XRP ETF launch. As more ETFs get approved, more liquidity and capital will be injected into the XRP market, increasing the token value.