XRP ETF Hits $5M on First Day, Becomes Teucrium’s Top-Performing Fund Launch in the U.S.

Teucrium’s 2x XRP ETF Sees Explosive $5M Debut, Surpassing Expectations

Teucrium Investment Advisors has pulled off one of its biggest wins yet with the launch of the 2x Long Daily XRP ETF (XXRP) — the first leveraged XRP exchange-traded fund in the U.S. — which racked up $5 million in trading volume on its opening day.

That figure places the fund among the top 5% of ETF launches by volume, according to Bloomberg data, and makes it Teucrium’s most successful ETF debut to date.

The product is designed to double the daily performance of XRP using swap agreements. Because there’s currently no spot XRP ETF trading in the U.S., Teucrium relies on reference prices from European-listed XRP ETPs to construct its exposure, along with other derivatives like futures.

CEO Sal Gilbertie said the fund’s timing was intentional, launching shortly after the SEC’s leadership changed — signaling a more favorable stance toward crypto-linked products.

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

XXRP’s opening day performance easily outpaced similar crypto ETFs, including the 2x Solana ETF (SOLT), with four times the trading activity.

“There was overwhelming excitement,” Gilbertie added. “I think a lot of that came from being underestimated. This was a huge success for us.”

Though promising, the fund isn’t meant for buy-and-hold investors. As a daily-reset leveraged ETF, it’s designed for short-term trades only, with performance diverging from XRP over time if held too long.

“This is absolutely a short-term trading tool — ideally for one day,” Gilbertie emphasized. “The math works against you if the asset moves sideways or drifts.”

Teucrium, which oversees approximately $320 million across 12 ETFs, is also eyeing a 2x Short Daily XRP ETF — a bearish version of the current product — but plans to move forward only if demand materializes.