Investor demand for
Gilbertie said entries 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 biggest opportunity for investors may be to back companies that adopt blockchain rather than trying to guess the next winning coin, comparing the current context to the development of the Internet in the 1990s. When asked if an ETF boom was occurring in the crypto ecosystem, he responded that “there is no doubt.”
The Teucrium 2x Long Daily XRP ETF (XXRP), launched on April 8, 2025 and listed on NYSE Arca, is designed to offer double 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 employ cash-settled XRP futures to achieve its target of 2x daily before fees and expenses. The design is explicitly daily and does not aim to achieve the stated multiple over multi-day periods.
Fund disclosures warn that capitalization and volatility can cause multi-day returns to differ, sometimes sharply, from 2x XRP, and the product can lose money even when XRP is stable or rising over longer periods; Additional risks include leverage, tracking slippage and correlation, counterparty exposure in swaps, liquidity factors, and typical ETF trading frictions such as premiums, discounts, and wider bid-ask spreads.
According to CoinDesk Data, at 12:55 pm London time on October 26, 2025, XRP was trading at $2.64, up 2.2% over 24 hours and up 26% year-to-date (YTD). According to data from Yahoo Finance, the 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% year-to-date.
