Teucrium’s New Leveraged XRP ETF Records $5M Volume on Day One

Teucrium Investment Advisors’ newly launched 2x Long Daily XRP ETF (XXRP) made a strong debut on Tuesday, recording $5 million in trading volume, placing it among the top-performing ETF launches this year.

The fund is the first U.S.-listed leveraged XRP ETF, aiming to deliver twice the daily returns of XRP through swap contracts. With no U.S. spot XRP ETF available, Teucrium sources pricing from European XRP ETPs and may use other XRP-linked instruments such as futures to manage exposure and reduce costs.

CEO Sal Gilbertie credited a shift in SEC leadership for paving the way for the product. Teucrium filed the ETF shortly after the departure of the previous administration and launched it at the earliest opportunity following the regulatory review window.

“We filed as soon as we could after the old SEC regime left … we launched today,” said Gilbertie. “I think it’s almost at a couple hundred thousand shares.”

The ETF outpaced other recent crypto launches, including Volatility Shares’ 2x Solana ETF (SOLT), posting four times the activity on its first day. Bloomberg’s Eric Balchunas ranked it within the top 5% of ETF launches by first-day performance.

“It’s been our best launch day ever,” said Gilbertie. “The demand and interest exceeded expectations.”

Gilbertie reiterated that XXRP is not a long-term investment vehicle, stressing its purpose as a short-term trading tool for experienced traders. Due to its daily reset structure, holding the ETF over multiple days can lead to performance divergence.

“Because of the reset and the math … if that asset goes up very slowly or sideways or down, you will lose money,” he explained.

Teucrium, which manages around $320 million across 12 ETFs, is exploring a follow-up product: a 2x Short Daily XRP ETF, allowing investors to profit from XRP’s downside. However, the firm will evaluate market interest before moving forward.