On April 8, 2025, the very first XRP ETF made his debut in the United States. The levered fund of Teucrium Investment Advisors experienced a remarkable first trading day, with the trading volume broke through the border of $ 5 million. The introduction of the ETF is one of the most successful of all time.
Successful introduction of the XRP ETF
Loud Eric Balchunas, Senior ETF analyst at Bloomberg, this XRP ETF was one of the top 5 percent of all new ETF introductions. He bears the name: 2x Long Daily XRP ETF (XXRP). This name reveals that you get twice as much value on XRP as you buy (2x lever). But you can also experience market fluctuations twice as strong.
The derived product already recorded a trading volume of $ 5.43 million on the first day. The high trade volume indicates increasing interests of institutions in products that are used with digital assets such as Ripple (XRP) are connected.
The investment fund uses exchange agreements that refer to products traded in Europe. The United States does not currently know any spot-XRP ETF. Since there are no suitable spot XRP ETFs available in the United States, the ETF products are via exchange contracts with the Exchange-Traded-Products (ETPS) connected from Europe.
Fund of cryptocurrency Ripple exceeds Solana
On the opening day, the XXRP trading volume was about four times as large as the trade volume of Volatility Shares’ 2x Solana ETF (SOT) on the first day.
Unfortunately, the performance of XXRP remains 200 times smaller than the trading volume of $ 1 billion during the debut of Blackrocks Ishares Bitcoin Trust (IBIT). Nevertheless, Balchunas described the performance as respectable under the current market conditions.
After the edition of the ETF, the Course From XRP briefly by almost 6 percent to $ 1.96 before the price fell back. Within 24 hours, the token fell to $ 1.75. Economic uncertainty continues to influence the sentiment in the market.
Founder wants more despite warning
Although the investment fund started strongly, it could be confronted with headwind early. Teucrium warns that the high volatility of XRP and the decreasing network use can be challenges after the introduction. The ETF also charges a relatively high administrative fee of 1.85 percent.
Teucrium, which manages about $ 320 million, is already planning an inverse XRP ETF. From a Brochure it can be seen that the company is already working at the Teucrium 2x Short Daily XRP ETF. This would enable investors to benefit from price returns of the XRP.
Chance of Spot-XRP ETF remains high
According to Balchunas, it is very remarkable to see that the first ETF of a new wealth value in one leverage was introduced. Nevertheless, he assesses the chance of approval of a regular XRP ETF in the USA as quite high. Previously, he estimated the probability of 65 percent that the American supervisory authority will approve an XRP ETF before the end of the year.
The introduction takes place in the middle of a series of spot-XRP ETF applications that are currently being checked by the SEC. Financial managers, including Grayscale, Bitwise, 21shares and Franklin Templeton, submitted all documents to the Sec. This was in March Ripple news to read.