finbold.com
The first-ever leveraged XRP ETF in the United States, Teucrium’s 2x Long Daily XRP ETF (NYSE Arca: XXRP), made a strong market debut on April 8, 2025.
The fund recorded $5 million in trading volume on day one, placing it in the top 5% of all new ETF launches, according to Bloomberg Senior ETF Analyst Eric Balchunas.
Despite the pullback, the ETF’s launch has reignited conversations around XRP’s community strength. John Deaton a lawyer, who played a key role in the Ripple v. SEC case commenting on Balchunas’s post, pushed back against widespread skepticism, noting that XRP has far more appeal than many in the industry are willing to acknowledge.
Despite all the negative sentiment from people within the crypto industry, I’ve always maintained that XRP has much more appeal than industry players want to admit. Just think, 75K XRP holders joined together to petition the Court in the Ripple case – extraordinary. IMO, XRP… https://t.co/ZPL8CKDrYR
— John E Deaton (@JohnEDeaton1) April 9, 2025
He pointed to the 75,000 XRP holders who came together to petition the court during the Ripple case, an effort he described as extraordinary.
While the fund’s debut was strong, it may face early headwinds, with Teucrium warning that XRP’s high volatility and declining network usage could present challenges post-launch.
The ETF also carries a relatively high management fee of 1.85%.
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