Investor demand for XRP is “tremendous,” Teucrium Trading President and CEO Sal Gilbertie said during an interview on CNBC’s “ETF Edge,” crediting the “XRP Army” for quick traction and calling the fund his firm’s most successful launch to date.
Gilbertie said the influx reached “hundreds of millions” in about 16 weeks and described the response as “extraordinary.”
Although he claims to be an “XRP enthusiast”, he argued that the bigger opportunity for investors may be to support companies that use blockchain instead of trying to guess the next winning coin, comparing today’s background to the Internet’s construction in the 1990s. Asked if an ETF boom is coming across the crypto ecosystem, he replied that there is “no doubt.”
Teucrium 2x Long Daily XRP ETF (XXRP), launched on April 8, 2025 and listed on NYSE Arca, is designed to deliver twice the token’s daily movement without holding XRP directly.
According to the fund’s fact sheet, the strategy primarily uses total return swaps with major financial institutions and may use cash-settled XRP futures to achieve its 2x daily target before fees and expenses. The design is explicitly daily and not intended to achieve its stated multiple over multi-day periods.
The fund’s disclosures warn that compounding and volatility can cause multi-day returns to deviate – sometimes sharply – from 2x XRP, and the product can lose money even when XRP is flat or rising over longer spans; additional risks include leverage, tracking and correlation slippage, counterparty exposure on swaps, liquidity factors and typical ETF trading frictions such as premiums, discounts and wider bid-ask spreads.
According to CoinDesk Data, at 12:55 London time on October 26, 2025 XRP was trading at $2.64, up 2.2% over 24 hours and 26% year-to-date (YTD). According to data from Yahoo Finance, Teucrium 2x Long Daily XRP ETF (XXRP) ended Friday’s regular session at $22.90, up 7.06% on the day and down 15.03% YTD.
