A Spot XRP ETF is On the Horizon, But What’s Available Now?

What Teucrium offers

Teucrium specializes in agricultural commodities. Its current lineup includes ETFs focused on corn, wheat, soybeans, and sugar.

Beyond its core lineup, the firm has also gained a reputation in the white-label platform space, helping other ETF sponsors bring first-of-their-kind strategies to market, including the first U.S.-listed ETF to track Icelandic equities.

The firm’s Chief Operating Officer, Springer Harris, is also a well-known figure in the ETF world. Notably, he authored “GET ETF'D: An Insider's Guide to Starting and Running an ETF,” a go-to resource for aspiring fund managers.

Now, Teucrium is stepping into crypto by offering the Teucrium 2x Long Daily XRP ETF XXRP. This leveraged fund has already attracted over $112 million in assets under management. As the name suggests, it aims to deliver 2x daily long exposure to XRP using a combination of front-month futures and swaps.

Like any leveraged ETF, XXRP comes with important caveats. It’s path dependent and designed for short-term tactical use, not long-term holding. Daily resets mean performance can drift significantly from the underlying if held over multiple days, especially in volatile markets.

Add to that a steep 1.89% expense ratio, and it becomes clear this is a tool best suited for traders looking to capitalize on short bursts of momentum, not buy-and-hold investors.

What Volatility Shares offers

Volatility Shares made its name in the ETF world by doing what others wouldn’t—most notably launching the -1x Short VIX Futures ETF

after the 2018 “Volmageddon” event, a period that left many issuers wary of volatility-linked products. That contrarian streak continues today.

The firm has carved out a niche offering risk-heavy, derivatives-based ETFs. Its lineup spans VIX-linked products, leveraged crypto funds, and futures-based exposure not just to Bitcoin and Ethereum, but also Solana—and now XRP.

For investors specifically interested in Ripple’s token, Volatility Shares now offers two options: the XRP ETF

and the 2x XRP ETF

XRPT

+0.66%

.

As the names imply, one offers unleveraged long exposure, and the other seeks to double XRP’s daily performance. Both products use XRP futures contracts and currently rebate fees to net down their expense ratio to 0.94%.

While lower cost than some peers, these are still tactical tools, not buy-and-hold investments—particularly in the case of XRPT, where leverage adds complexity and risk.

But for short-term traders looking to gain exposure while spot XRP ETFs remain in limbo, these funds are among the only game in town.

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.