- First US XRP ETF (Teucrium XXRP) reportedly launches today, April 8th (swap-based 2X long)
- Launch seen as bullish catalyst linked to SEC/Ripple settlement progress ($50M fine agreed)
- Analyst voices concern over market timing, fearing tariff chaos may mute ETF impact
Independent issuer Teucrium ETFs is launching the first XRP exchange-traded fund (ETF) in the U.S. today, April 8, 2025, according to Bloomberg ETF analyst James Seyffart.
Seyffart noted via X that the product, ticker XXRP, will be swap-based. Teucrium also reportedly plans to launch separate 2X long XRP futures soon.
Swap-Based 2X Leveraged Product Details
Further details appearing on the Bloomberg terminal described the Teucrium ETF product as seeking daily investment results (before fees/expenses) corresponding to two times (2X) the daily performance of XRP.
This structure offers leveraged exposure through swaps within an ETF wrapper.
Related: XRP ETF News, ETH Upgrade, AI Hype: April Looks Big for These 4 Altcoins
Launch Seen as Bullish Catalyst Post-SEC Settlement
A crypto analyst discussing the launch highlighted it as potentially boosting XRP’s bullish narrative. The analyst connected the ETF’s arrival, alongside more than nine other XRP ETF applications awaiting SEC review, to increasing regulatory clarity following progress in the SEC’s lawsuit against Ripple Labs.
Related: SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity
Sources within Ripple previously acknowledged an agreement was reached to end the case, involving a $50 million penalty for Ripple and the SEC withdrawing its appeal, although an official SEC announcement is still pending.
Analyst Flags Market Timing Concerns
Although these developments would likely boost XRP’s bullish sentiments, the analyst hopes they will delay coming to the limelight. The reason is to escape the chaotic market downturn caused by implementing the revised tariff policies under Donald Trump.
The analyst thinks the SEC’s official announcement will boost XRP’s bullish momentum when the market rebounds from the current bearish pressure. Otherwise, the ongoing situation triggered by the tariff policy could absorb any bullish momentum the development could attract.
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