The newly launched Teucrium 2x Long Daily XRP ETF (XXRP) continues to gain traction among institutional and retail investors, even as XRP’s spot price struggles to maintain upward momentum. The leveraged exchange-traded fund has already accumulated over $106 million in assets since its April 2025 launch, marking a significant milestone for the XRP ecosystem.
Steady Inflows Signal Growing Institutional Demand
According to ETF.com data, the XXRP fund has seen consistent inflows every week since launch, with last week marking its strongest performance yet. It pulled in $30.4 million, more than doubling the $14.1 million added the previous week.
This sustained interest suggests rising demand for XRP-related ETFs on Wall Street, particularly among those seeking leveraged exposure. In comparison:
- Spot Ethereum ETFs have attracted $2.5 billion since September
- The 2x Solana ETF (SOLT) has garnered only $30 million in assets, despite launching two months before XXRP
Backing Wall Street’s XRP Bet
The ETF’s strong early performance echoes predictions by JPMorgan, which projected that XRP and Solana ETFs could bring in $15 billion in their first year with XRP expected to dominate the majority of those flows.
Investor confidence also aligns with Polymarket trader data, which shows an 83% probability of an XRP spot ETF being approved in 2025.
All eyes are now on June, when the SEC will rule on Franklin Templeton’s XRP ETF application. While another delay is likely, market analysts expect the fund to receive approval before October 15, alongside filings from Bitwise and VanEck.
Understanding the XXRP ETF
Unlike spot ETFs, Teucrium’s XXRP is a leveraged fund designed to deliver 2x the daily returns of XRP. That means if XRP gains 1%, the ETF aims to rise 2% and the inverse is also true for losses.
Notable attributes include:
- Expense ratio: 1.89% (significantly higher than expected spot ETF ratios under 0.50%)
- Performance since inception: +58%, compared to XRP’s +15%
On Friday, as XRP dropped by 1.5%, the leveraged XXRP fell nearly 3%, demonstrating the amplified effects of daily price movements.
While leveraged ETFs can outperform in bull markets—as seen with ProShares UltraPro QQQ ETF, which returned 270% over five years versus the Nasdaq 100’s 130% they can also magnify losses during downtrends.
Momentum Builds for XRP ETFs
The performance of the XXRP ETF underscores the rising investor appetite for XRP-based investment products, particularly as anticipation builds for spot ETF approvals. With over $106 million in assets, outperforming rival leveraged crypto ETFs, and a 58% return since launch, XXRP is rapidly becoming a bellwether for XRP’s growing institutional footprint.
As ETF approval timelines approach and market expectations rise, XRP ETFs may soon play a pivotal role in shaping the next phase of digital asset adoption on Wall Street.
