- NYSE Arca approved Teucrium’s 2x Long Daily XRP ETF for listing, offering double daily exposure to the token
- Teucrium, a $310M ETF issuer known for commodities and Bitcoin futures ETFs, launches its first XRP ETF.
- The token sees strong retail interest with a +490% increase in active addresses since 2022, contrasting Bitcoin’s +10%.
XRP will now trade on Wall Street’s NYSE Arca after the exchange officially greenlighted Teucrium’s 2x Long Daily XRP ETF, a series of LISTED FUNDS TRUST, under the Exchange Act of 1934. Expected to go live on April 8, 2025, the listing on a major exchange like NYSE Arca offers significant exposure to the token for traditional investors.
The ETF, ticker XXRP, targets exposure to the fourth-largest cryptocurrency by market cap, valued at $111 billion. Additionally, the 2x suggests that this particular ETF uses swaps to double the daily return of the token. This means if the asset goes up 1% in a day, this ETF is designed to return +2%. High risk, high reward, built for both active traders and institutions.
Who is Teucrium?
Teucrium, worth over $310 million, is a well-known investment ETF issuer focused on commodities and alternative assets. The AUM pioneered ETFs on corn and wheat and was among the first to launch a Bitcoin futures ETF in 2022. Notably, this is its first-ever XRP ETF in the US, despite no spot ETF linked to the token having been approved so far.
That said, NYSE Arca’s approval has sparked a bullish sentiment amidst a market rattled by Trump’s new tariffs. The Ripple-affiliated token also had legal hurdles, but in 2023, a U.S. court ruled that it is not a security for retail sales. By March 2025, the SEC dropped its appeal, closing a 4-year legal saga, paving the way for its entry into mainstream finance.
XRP Captivates Both Big Players and Retail Investors
The other day, Franklin Templeton, a TradFi giant with over $1.5 trillion under management, also filed for a spot XRP ETF with the SEC. Several big names like Bitwise, GrayscAale, Canary Capital, and WisdomTree are already in the ETF race waiting for an approval.
Besides the massive institutional support, XRP has become a retail favorite this cycle, contrasting with Bitcoin’s institutional-driven rally.
Since the 2022 low, the token’s active addresses were up +490%, while BTC saw only an increase of +10%. This shows a clear surge in speculative retail demand. At press time, XRP is priced at $1.90 as of April 8 2025, amid a 9.10% drop in the last 24 hours.
