Teucrium XRP ETF sees $5M volume, outpaces leveraged Solana ETF
The post Teucrium XRP ETF sees $5M volume, outpaces leveraged Solana ETF appeared on BitcoinEthereumNews.com.
Key Takeaways The new leveraged XRP ETF by Teucrium, symbol XXRP, achieved $5M volume on debut. The ETF offers 200% daily exposure to XRP’s price and is intended for short-term trading. The first US leveraged XRP ETF, Teucrium’s 2x Long Daily XRP ETF, was off to a strong start with around $5 million in day-one trading volume — a figure that places it in the top 5% of all new ETF launches, according to Bloomberg ETF analyst Eric Balchunas. The fund, trading under the ticker XXRP, drew roughly four times the debut activity of Volatility Shares’ 2x Solana ETF (SOLT), Balchunas noted. $XXRP (2x XRP ETF) saw $5mil in volume on Day One, very respectable, esp considering the mkt conditions. That puts it in approx top 5% of new ETF launches, and about 4x what the 2x Solana ETF $SOLT did (altho both 200x less than King IBIT). pic.twitter.com/u3QQq5yuHv — Eric Balchunas (@EricBalchunas) April 8, 2025 The SOLT fund launched on March 20 alongside the Volatility Shares Solana ETF (SOLZ) as one of the first Solana futures ETFs in the US. The 2x Long Daily XRP ETF, launched by Teucrium Investment Advisors on April 8, aims to offer double the daily returns of XRP using swap agreements. Reference rates for the swaps now include several European Exchange Traded Products due to the absence of suitable US-listed spot XRP ETFs. The company, known for its commodity ETFs, is expanding its crypto offerings, following its previous Bitcoin futures ETF launch. “A terrific, very successful launch” The leveraged ETF is Teucrium’s most successful ETF launch to date, said Sal Gilbertie, CEO of Teucrium, in a Tuesday interview with Crypto Prime’s Nate Geraci. “It’s been a terrific, very successful launch — our most successful launch day to date for any fund we’ve ever done,”…
