Teucrium’s leveraged fund will bring the first XRP ETF to the U.S. when it launches on Tuesday.

Teucrium Investment Advisors is launching the first-ever leveraged XRP exchange-traded fund (ETF) in the United States, offering a unique investment product for those looking to capitalize on Ripple’s cryptocurrency.

The Teucrium 2x Long Daily XRP ETF (XXRP) will begin trading on the NYSE Arca on Tuesday, providing investors with twice the daily return of XRP. This launch comes ahead of any approval of a traditional “spot” XRP ETF, which remains under review by the U.S. Securities and Exchange Commission (SEC).

“This is an unusual situation—likely a first—where the first ETF for a new asset is a leveraged one,” said Eric Balchunas, Bloomberg Intelligence analyst, in a post on X. “While the spot XRP ETF is still waiting for approval, we think the chances are good.”

In typical scenarios, ETFs tracking emerging assets like cryptocurrencies start with unleveraged, “spot” funds, which directly hold the underlying asset. More advanced products like leveraged ETFs are usually introduced later as the market matures.

Teucrium has set a management fee of 1.85% for the leveraged ETF but has also warned that XRP’s volatility and a decrease in activity on the Ripple network could present risks to the fund’s performance. These factors align with ongoing concerns about XRP’s market stability and adoption.

XRP ETF Landscape Expands Amid Legal Advancements for Ripple

Teucrium’s leveraged ETF launch comes as a growing number of firms await approval for their own spot XRP ETFs. Major investment firms, including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton, have filed proposals with the SEC to offer non-leveraged XRP ETFs.

The SEC has acknowledged these filings, and decisions on approval are expected soon, potentially paving the way for a wider range of XRP-focused financial products for investors.

Meanwhile, XRP has gained 6.5% in the past 24 hours, mirroring broader bullish momentum across the crypto market.

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