XRP ETF Approval Odds Hit 90% as Teucrium XRP Futures ETF (XXRP) Hits $122M in AUM

• XXRP reached $122 million AUM within 7 weeks and ranked in the top 5% of all ETF launches.
• Polymarket XRP ETF approval odds jumped to 90%, with a decision expected from the SEC in late 2025.
• Canada approved multiple XRP ETFs, offering direct exposure, unlike Teucrium’s U.S. futures-based product.

The Teucrium XRP 2x ETF (XXRP), a U.S.-based fund offering leveraged exposure to XRP futures, has accumulated $122 million in assets under management (AUM) within seven weeks of its launch. The fund’s early success is being cited by its CEO, Sal Gilbertie, as an indicator of strong underlying demand for regulated XRP products in the United States.

The fund, which offers leveraged exposure to XRP futures, recorded $5 million in trading volume on the first day, according to Bloomberg ETF analyst Eric Balchunas.

This trading volume placed XXRP in the top 5% of all ETF launches to date. The growth came without a U.S. XRP spot ETF in the market, reflecting rising institutional interest in exposure to XRP through futures.

Teucrium CEO Forecasts $8 Billion Spot ETF Demand

Teucrium CEO Sal Gilbertie discussed the fund’s early success during XRP Las Vegas 2025, highlighting the underestimated scale of interest in XRP. He said, 

“They’re underestimating the XRP community and Ripple.”

Sal Gilbertie stated that demand for XRP ETFs could exceed $8 billion in the first year. This figure contrasts with JP Morgan’s estimate of $4–8 billion.

Gilbertie said, “I’d say $8 billion or maybe way more,” stressing the strength of the XRP community and Ripple’s position in the market. He also told Bloomberg that XRP stands out for its utility in cross-border settlements.

The Teucrium XRP 2x ETF, trading as XXRP, continues to grow in volume and asset inflows. Its launch indicates increasing acceptance of leveraged crypto ETF products, even as regulators delay spot ETF decisions.

XRP ETF Approval Odds Jump to 90% on Polymarket

Market sentiment appears to align with this bullish outlook. On the prediction platform Polymarket, XRP ETF approval odds climbed to 90% in June, up from 70% earlier in the month. As of June 20, 2025, the odds remain near 88%, according to platform data.

James Seyffart, an ETF analyst at Bloomberg, explained the benchmark for ETF success. He said XRP’s spot market equals about 7.5% of Bitcoin’s. Therefore, if new XRP ETFs capture 7.5% of Bitcoin ETF launch volumes, they will show strong performance by comparison. At launch, Bitcoin ETFs recorded $14 billion in trading volume and $1.13 billion in net inflows.

The U.S. Securities and Exchange Commission (SEC) is reviewing multiple spot XRP ETF applications. Firms in line include Grayscale, VanEck, Bitwise, and Canary Capital. A decision is expected in the second half of 2025.

Canada XRP ETF Market Expands Ahead of U.S. Launches

While U.S. regulators weigh applications, Canada has approved several XRP ETFs through its securities authority. The Ontario Securities Commission (OSC) has granted approval to firms such as Purpose Investments, 3iQ, and Evolve.

These Canada XRP ETFs give investors direct exposure to XRP, unlike the Teucrium XRP 2x ETF, which uses futures. The Canadian funds offer an example of how regulators in other countries have moved forward with crypto ETF approvals while the SEC XRP ETF decision remains pending.

The Canadian market provides early data on investor interest, fund flows, and trading activity, which may influence discussions around spot ETFs in the U.S. later this year.