The Teucrium 2x Long Daily XRP ETF (ticker: XXRP) is off to a red-hot start. With over $112 million in assets under management in just two months, it’s quickly becoming the most talked-about crypto ETF since spot Bitcoin products hit the market.
And the craziest part? It’s outpacing the digital asset it tracks.
Investors Chase Gains Despite Steep Fees
This isn’t your average ETF.
XXRP charges a whopping 1.89% expense ratio. For a $10,000 investment, that’s $189 a year—almost eight times higher than the iShares Bitcoin ETF and a staggering 60x more than the Vanguard S&P 500 ETF.
Why are people paying so much? Because it’s a leveraged product.
This fund is designed to deliver twice the daily return of XRP. So, when XRP moves 5%, XXRP aims to jump 10% (or fall 10%). So far, it’s worked. Since launch, XRP has climbed roughly 25%, while XXRP has surged over 45%.
That kind of performance speaks for itself.
But even by leveraged ETF standards, XXRP is pricey. Funds like TQQQ and SOXL—which offer 3x exposure to Nasdaq and semiconductor stocks—charge around 0.75%. And yet, traders keep piling in.
XRP ETF Leaves Solana’s Rival in the Dust
To understand XXRP’s performance, you just need to look at what’s happened with SOLT.
That’s the 2x Solana ETF launched earlier this year. After months on the market, it has gathered less than $35 million in assets.
Meanwhile, XXRP shot past $112 million like it was nothing.
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XXRP: $112M+ AUM in 2 months
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SOLT: Under $35M since February
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XXRP Expense Ratio: 1.89%
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SOLT Expense Ratio: ~1.5%
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XRP Gain Since XXRP Launch: ~25%
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XXRP Gain Since Launch: ~45%
And here’s where things get interesting. XXRP’s inflows are sending a message—loud and clear. Investors want XRP exposure. The demand is real.
Ripple’s Big Moves Fueling Speculation
The optimism isn’t just about price charts or leverage.
Ripple Labs, the company behind XRP, has been making bold plays lately. There’s serious chatter that Ripple is planning to acquire Circle, the firm behind USDC. If that happens, Ripple would become the second-largest stablecoin player after Tether. That’s huge.
There’s also Hidden Road.
Ripple recently acquired the digital asset prime broker, unlocking new institutional flow into the XRP Ledger. It’s a backdoor bet on Ripple’s broader ecosystem—just wrapped in an ETF.
And it’s not just rumor-mill stuff anymore. The long-running lawsuit with the SEC has finally come to a close. With that behind them, Ripple has a green light to move faster and strike more deals in the U.S.
This ETF is more than just a way to chase returns—it’s becoming a proxy for Ripple’s next act.
Spot XRP ETFs May Be the Next Big Wave
There’s more fuel coming.
JPMorgan analysts are already calling it. They predict that spot XRP ETFs—when approved—could draw in over $8 billion in their first year. For comparison, Solana ETFs are expected to attract around $6 billion.
So why does that matter?
Because XXRP is acting like a test run. A high-fee, high-risk, high-reward product that’s managed to light a fire with traders. If that kind of momentum carries into spot XRP funds, the market could shift fast.
There’s a growing belief that XRP may soon move into the same league as Bitcoin and Ethereum in the ETF world.
This isn’t wishful thinking—it’s already playing out in dollars and cents.
Comparing the Costs: How XXRP Stacks Up
Let’s break it down with a table. Investors are shelling out serious cash to get into XXRP compared to other ETFs.
| ETF | Expense Ratio | Exposure Type | AUM (approx) |
|---|---|---|---|
| Teucrium 2x XRP (XXRP) | 1.89% | 2x Leveraged Crypto | $112M |
| iShares Bitcoin (IBIT) | 0.25% | Spot Bitcoin | $15B+ |
| Vanguard S&P 500 (VOO) | 0.03% | Traditional Index | $300B+ |
| ProShares UltraPro QQQ (TQQQ) | 0.75% | 3x Leveraged Nasdaq | $20B+ |
| Direxion Daily SOXL | 0.95% | 3x Leveraged Semiconductors | $12B+ |
Still, investors don’t seem to mind—for now. The gains, the buzz, the Ripple narrative—it’s all feeding into something bigger.
Looking Ahead: All Eyes on SEC’s Next Move
Everyone’s watching the SEC.
With Bitcoin and Ethereum spot ETFs already in play, XRP might be next in line. XXRP’s early success is proof that investors are ready.
But will the SEC play ball?
That’s the billion-dollar question. If approval comes, we could be looking at a stampede—just like what happened with spot Bitcoin ETFs in January.
And don’t forget the geopolitical angle. Ripple wants to position itself as a Swift alternative for cross-border payments. If that vision starts to materialize, XRP exposure could become a serious part of institutional portfolios.
The ETF is no longer just a trade. It’s becoming a thesis.
