XRP Futures and ETFs Mark Major Milestone with U.S. Launches

In a landmark development for digital asset markets, Teucrium Investment Advisors LLC has officially launched the United States’ first leveraged XRP exchange-traded fund (ETF). Trading under the ticker symbol XXRP, the fund became available on NYSE Arca today and is designed to provide investors with 2x the daily performance of XRP.

The Teucrium 2x Long Daily XRP ETF leverages swap agreements and other derivatives to amplify daily price movements of the cryptocurrency. With a management fee of 1.89%, the product is geared toward experienced, short-term investors who seek to capitalize on intra-day volatility in XRP. Teucrium emphasized that the ETF is not suitable for long-term holding, citing the potential for amplified losses in trending markets.

Teucrium, traditionally known for its agricultural commodity ETFs, becomes the first U.S.-based issuer to launch a leveraged XRP product. The approval of such a fund marks a significant shift in the U.S. regulatory environment, particularly amid renewed debates about the classification and treatment of digital assets.

Coinbase Moves Toward XRP Futures Amid CFTC Filing

Meanwhile, Coinbase is preparing to launch its own XRP futures contracts pending regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC). The proposed contracts, listed under the ticker XRL, are scheduled to go live on April 21, 2025, and would be offered on the Coinbase Derivatives Exchange.

These monthly, cash-settled futures will be margined and each contract will represent 10,000 XRP, with settlements in U.S. dollars. According to the filing, automatic trading halts will occur if XRP’s spot price shifts by more than 10% within a one-hour window, adding a layer of investor protection in volatile conditions.

If approved, Coinbase’s offering will mark another significant stride for institutional access to XRP derivatives. The move also signals increasing comfort among U.S. regulators to permit structured exposure to Ripple’s native token, despite ongoing legal scrutiny in recent years.

Bitnomial Preceded With Physically Settled XRP Futures

Notably, Bitnomial became the first CFTC-regulated exchange to launch XRP futures earlier this year. Debuting in March 2025, these contracts differ from Coinbase’s proposed offering by being physically settled—meaning investors receive actual XRP at contract expiry rather than a cash equivalent.

Bitnomial’s product positions itself as a more transparent and crypto-native approach to futures trading, aligning with the ethos of digital asset ownership and settlement.

Together, these launches signal a new era in XRP’s financial infrastructure. With products targeting both retail speculators and institutional investors, XRP is gaining traction as a legitimate asset class. The developments also hint at a broader trend of regulatory evolution, where tokens once sidelined by compliance concerns are now being folded into mainstream financial instruments.

As XRP derivatives go live across multiple platforms, market participants are watching closely to assess liquidity, volatility, and overall market maturity in the months ahead.