NYSE Approves XRP-Based ETF as Ripple Settles SEC Dispute
The New York Stock Exchange has approved the listing of a new XRP-based Exchange-Traded Fund (ETF), the Teucrium 2x Long Daily XRP ETF (XXRP). This comes after Ripple settled its legal dispute with the SEC and the price of XRP has risen by about 7% to $1.87.
The XXRP ETF, set to launch on April 8, aims to replicate the daily performance of XRP with a leverage of two. It will not directly hold the underlying asset but track its daily performance through derivatives. This is significant as no spot or futures XRP ETF is currently available on the US market.
Market observers suggest that the introduction of the XXRP could pave the way for further innovative financial products based on cryptocurrencies. The first XRP ETF, the REX-Osprey XRP ETF, achieved over $37 million in first-day trading volume in September 2025, setting a record for the highest first-day volume among ETFs issued that year. The XXRP ETF has an annual expense ratio of 1.85%.
The SEC has accepted several XRP ETF applications this year, indicating progress in the review process for a spot XRP ETF. This approval could be the first step towards broader acceptance of XRP-based investment vehicles in the traditional financial world.
The Teucrium 2x Long Daily XRP ETF (XXRP) is set to launch on April 8, offering investors a new way to gain exposure to XRP's daily performance with leverage. This approval follows Ripple's settlement with the SEC and could signal a shift in the SEC's stance towards XRP-based ETFs.
