Investor interest in XRP has surged, according to Teucrium Trading President and CEO Sal Gilbertie, who spoke during an interview on CNBC’s “ETF Edge.” Gilbertie noted that the support from the “XRP Army” has been instrumental in driving rapid growth for the fund, describing its launch as the most successful in the firm’s history. He reported that inflows have reached “hundreds of millions” within just 16 weeks, labeling the reaction from the market as “extraordinary.”
Although Gilbertie identifies himself as an “XRP enthusiast,” he emphasized that a broader investment opportunity lies in supporting companies that are integrating blockchain technology, likening the current landscape to the internet’s expansion in the 1990s. When questioned about the potential for an ETF boom within the cryptocurrency sphere, he stated that there is “no question” about its imminent arrival.
The Teucrium 2x Long Daily XRP ETF (XXRP), which launched on April 8, 2025, and is listed on NYSE Arca, is engineered to provide investors with twice the daily movement of XRP without directly holding the cryptocurrency. The fund primarily utilizes total return swaps with significant financial institutions and may also incorporate cash-settled XRP futures to meet its 2x daily objective before accounting for fees and expenses. However, the product design is specifically intended for daily returns and is not guaranteed to provide the stated multiple over multi-day periods.
Fund documentation warns that factors such as compounding and volatility may lead to multi-day returns that significantly diverge from the expected 2x XRP performance. Investors are also cautioned about various risks, including leverage, tracking slippage, and counterparty risks associated with swaps. Liquidity issues and typical ETF trading dynamics, such as premiums, discounts, and bid-ask spread variations, further complicate the investment landscape.
As of October 26, 2025, at approximately 12:55 PM London time, XRP was valued at $2.64, reflecting a 2.2% increase over the past 24 hours and an impressive 26% rise year-to-date. In contrast, the Teucrium 2x Long Daily XRP ETF (XXRP) concluded the most recent trading session at $22.90, up 7.06% for the day, yet down 15.03% year-to-date, highlighting the volatility and complexity inherent in cryptocurrency investments.
