XRP ETF Debut Draws $5M, Sets New Launch Record for Teucrium in the U.S. Market

XRP Goes Mainstream: Teucrium’s XXRP ETF Sees $5M in First-Day Frenzy

XRP just took a major step toward the big leagues.

Teucrium’s new 2x Long Daily XRP ETF (XXRP) made a high-impact entrance on Tuesday, racking up $5 million in first-day volume and landing among the top ETF debuts of the year, according to data shared by Bloomberg analysts.

The XXRP ETF is the first leveraged XRP fund available to U.S. traders, designed to deliver double the daily performance of XRP using swap-based exposure. With no U.S. spot XRP ETF currently on the market, the fund leans on reference rates from European XRP exchange-traded products and has the flexibility to use futures and other instruments.

The launch timing was no accident. Teucrium filed for the fund immediately after the SEC’s leadership changed, capitalizing on a more crypto-friendly regulatory window.

“We filed as soon as the old SEC team exited, and launched the first day we could,” said CEO Sal Gilbertie. “It’s been one of our strongest launches ever.”

Early trading outpaced comparable products by a wide margin. In fact, the XXRP fund saw four times the activity of Volatility Shares’ 2x Solana ETF, and landed in the top 5% of ETF rollouts, Bloomberg’s Eric Balchunas reported.

While excitement is high, Gilbertie reminded traders that XXRP is a short-term play, not a long-term investment.

“This ETF resets daily, so if XRP moves sideways or dips, the compounding works against you,” he warned.

Teucrium, which manages about $320 million across a dozen ETFs, already has its eye on the next move: a 2x Short Daily XRP ETF aimed at traders who want to bet against XRP’s price. But that product will only launch if market appetite justifies it.

For now, XXRP’s opening success may signal a turning point in U.S. crypto ETFs — and a growing appetite for altcoin exposure on Wall Street.

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