XRP ETF Marks ‘Extraordinary Success,’ Teucrium CEO Reports Amid Soaring Demand

Teucrium Trading’s 2x Long Daily XRP ETF (XXRP) has become the firm’s most successful launch ever, with CEO Sal Gilbertie citing “enormous investor demand” and “extraordinary traction” fueled by the XRP community.

Speaking on CNBC’s ETF Edge, Gilbertie revealed that the leveraged XRP fund attracted hundreds of millions of dollars within just 16 weeks of debuting, crediting the “XRP Army” for its rapid adoption.

Despite his personal optimism on XRP, Gilbertie said the broader opportunity lies in companies embracing blockchain technology, comparing the current stage of digital asset adoption to the early internet boom of the 1990s. He also predicted an oncoming “wave of crypto ETFs” across multiple assets.

Launched on April 8, 2025, and listed on NYSE Arca, Teucrium’s XXRP ETF seeks to deliver twice XRP’s daily price movement without holding the token directly. It does so via total return swaps and, when needed, cash-settled XRP futures.

The fund’s structure is designed for daily performance, with compounding and volatility likely to cause returns over longer periods to deviate from its 2x objective. Teucrium warns investors about typical leveraged ETF risks, including tracking error, counterparty exposure, and liquidity fluctuations.

As of Oct. 26, 12:55 p.m. London time, XRP traded at $2.64, up 2.2% on the day and 26% year-to-date, according to CoinDesk. Teucrium’s XXRP ETF ended Friday at $22.90, rising 7.06% but still down 15.03% YTD, per Yahoo Finance.