## Exciting News for the Crypto World: First XRP-Linked ETF Launches in the U.S.
In a significant milestone for the crypto sector, the first-ever exchange-traded fund (ETF) linked to XRP made its debut on U.S. exchanges on Tuesday, potentially sparking notable price movements for the digital asset. According to a report from Bloomberg on Monday, Teucrium Investment Advisors LLC is pioneering this initiative with the launch of the Teucrium 2x Long Daily XRP ETF, trading under the ticker XXRP. This innovative financial product aims to provide investors with double the daily return of XRP through swap mechanisms, marking a remarkable achievement for the cryptocurrency, which ranks fourth globally with a market capitalization of around $111 billion.
Industry experts have pointed out the unique nature of this launch. Eric Balchunas, a senior ETF strategist at Bloomberg, remarked on the unusual timing, stating, “Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, although our odds are pretty high.” The ETF features a 1.85% expense ratio and signifies a substantial shift in XRP’s regulatory landscape. This development comes after years of legal challenges, particularly the lengthy dispute between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), which has recently concluded.
Market analysts believe this ETF could lead to significant capital inflow into XRP, as it offers traditional investors a regulated way to engage with the cryptocurrency without the complexities of direct digital asset management. The leveraged structure may also attract seasoned traders looking to enhance returns in what has historically been a volatile asset class. Notably, the Teucrium offering arrives ahead of nine other companies that have filed for XRP ETF products by March 2025, including major financial institutions like Bitwise, ProShares, WisdomTree, Grayscale, and Franklin Templeton.
Pro-Ripple attorney John Deaton celebrated this achievement, reflecting on the remarkable turnaround from four years ago when he first intervened in the Ripple case. “What a difference four years makes. Around this time, four years ago, I was filing a Motion to Intervene in the Ripple case, asking Judge Torres to allow a putative class of XRP holders to become actual defendants in the case,” Deaton shared. “On two separate occasions, within her written ruling, Judge Torres cites to the efforts we made (the Affidavits and at footnote 16). And today, this is like the 20th XRP-related ETF. Never say you can’t make a difference,” he added.
The ETF launch also coincides with Ripple’s report on Monday, which forecasts a massive increase in tokenized assets, projecting a rise from $0.6 trillion to $18.9 trillion by 2033. The company outlined a three-phase evolution, beginning with the low-risk adoption of tokenized instruments, followed by institutional expansion into complex assets, and ultimately transforming the market as tokenization becomes integrated into both financial and non-financial products. Following this exciting news, XRP has experienced a notable uptick.
