First U.S. XRP ETF Launches: Will It Trigger an April Ripple Price Surge?

The United States has welcomed its first XRP-based exchange-traded fund, marking a significant moment in the crypto market. Teucrium Investment Advisors, an established commodity ETF provider, introduced the 2X Long Daily XRP ETF on April 8 on NYSE Arca. This product, trading with the ticker XXRP, offers leveraged exposure to the XRP token. It aims to double the digital currency’s daily performance. The launch broadens Teucrium’s crypto offerings and indicates rising investor interest in alternative investment tools.

Regulatory clarity has improved since the conclusion of the Ripple SEC case. The exchange-traded fund’s launch is viewed as paving the way for future crypto-related products. Teucrium’s action comes amid a broader trend of ETF applications and greater investor demand for diversified digital currency exposure. Teucrium CEO Sal Gilbertie noted that launching during a market dip might give skilled traders a new option for short-term strategic positioning.

A Landmark Approval in the Crypto ETF Race

NYSE Arca approved Teucrium’s leveraged Ripple ETF listing under the Securities Exchange Act of 1934. This makes it the first XRP-linked exchange-traded fund introduced in the U.S. market. The ETF belongs to the Listed Funds Trust and notably provides double XRP’s daily returns with a 1.85% management fee. While such leveraged products typically attract active traders with high risk tolerance, this establishes a precedent for broader institutional Ripple adoption.

This approval fits Teucrium’s bigger plan to diversify from conventional commodity ETFs, such as those tracking soybeans and corn. The firm previously launched a Bitcoin futures ETF with SEC approval in 2022. Its move into the XRP space highlights a notable market shift. Crypto exchange-traded funds are increasingly becoming practical investment choices as traditional finance integrates digital currencies more closely into its offerings.

Regulatory Shifts Pave Way for Crypto Innovation

The successful introduction of XXRP came after the resolution of the Ripple SEC case following the Commision’s withdrawal of its appeal. The settlement required Ripple to pay $50 million, thus resolving XRP’s uncertain regulatory status. The conclusion of this legal dispute has allowed more institutional entities to explore financial products focused on Ripple, possibly leading to an XRP price surge soon.

A 2x XRP ETF is launching tmrw in US, the first-ever XRP ETF on the market. Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, altho our odds are pretty high. Story via ⁦⁦@isabelletanlee⁩ pic.twitter.com/Eg4Wq5Y1Qi

— Eric Balchunas (@EricBalchunas) April 7, 2025

This regulatory change prompted an increase in applications for spot XRP ETF options. Firms including Franklin Templeton, Bitwise, and 21Shares are now pursuing approval from the SEC. Analysts suggest Teucrium’s leveraged ETF could accelerate the review process for these spot product proposals. Bloomberg analyst Eric Balchunas observed that a new asset’s first ETF being leveraged is unusual, possibly signaling strong confidence in XRP’s long-term viability.

Market Signals and Growing Institutional Demand

The XXRP launch coincides with increased activity in financial instruments related to Ripple. Bitnomial recently introduced CFTC-regulated XRP futures contracts. Coinbase Institutional also plans to release its own futures contracts later this month. These developments highlight a maturing ecosystem for XRP investment, broadening options for traders.

XRP is also becoming more popular in mixed-asset investment portfolios. Grayscale has submitted a proposal to convert its Digital Large Cap Fund, which includes XRP, into an exchange-traded fund. This joins a growing list of multi-crypto ETF applicants. As traditional asset managers increase their efforts to integrate Ripple ETF, demand for exposure via regulated instruments is expected to surge.

What This Means for XRP and Crypto ETFs

The XXRP launch could catalyze a broader transformation in packaging and delivering digital assets to investors and traders. Teucrium entered the U.S. market using a leveraged ETF, which preceded spot applications and demonstrated investor appetite for high-risk, high-reward strategies tied to emerging crypto assets.

Market analysts remain optimistic about future spot XRP ETF approvals. Prediction markets currently show up to a 75% chance of approval sometime this year. As regulations become clearer and investor interest grows, Ripple’s role in the financial market might soon mirror that of Bitcoin and ETH, causing a possible XRP price surge. This would strengthen its position among the next generation of crypto ETF products. More filings are expected, setting the stage for XRP’s central role in the evolution of crypto investing.