Teucrium 2x Long Daily XRP ETF
XXRP
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- Teucrium 2x Long Daily XRP ETF (XXRP) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily price performance of XRP, the cryptocurrency associated with the XRP Ledger; the fund does not pursue its objective over periods longer than one day and employs derivatives including total return swaps with major financial institutions, cash-settled XRP futures, options, and related securities via a Cayman Islands subsidiary to achieve leveraged exposure without direct custody of XRP. Launched on April 7, 2025, and listed on NYSE Arca, XXRP targets sophisticated, short-term tactical traders seeking amplified volatility in cryptocurrency markets, offering 1099 tax treatment without K-1 forms and a net expense ratio of approximately 1.89%; it forms part of Teucrium Investment Advisors LLC's lineup of leveraged and alternative asset ETFs, managed under the 1940 Act. Teucrium, founded in 2009 and headquartered in the United States, operates primarily in North American markets with a focus on commodity futures, agricultural ETFs, and digital asset products. In recent developments, XXRP has achieved extraordinary success as Teucrium's most rapid ETF launch, attracting hundreds of millions in inflows within roughly 16 weeks of debut, fueled by strong demand from the "XRP Army" and institutional investors amid rising XRP adoption; CEO Sal Gilbertie highlighted this "enormous interest" in October 2025 interviews. The fund represents Teucrium's expansion into cryptocurrency derivatives following 2024 introductions of other 2x leveraged products like CXRN and WXET, positioning it as the first U.S.-listed leveraged XRP ETF ahead of pending spot XRP ETF approvals; no major acquisitions, partnerships, or reorganizations have been announced for XXRP in the past 1-2 years. As of late 2025, assets under management exceed $385 million, underscoring its prominence in the trading--miscellaneous ETF category.