Big news just dropped in the crypto world—the first-ever XRP-based ETF is launching in the U.S., and it’s already turning heads.

Teucrium Investment Advisors, a firm known for its alternative asset strategies, is rolling out the Teucrium 2x Long Daily XRP ETF, trading under the ticker XXRP. The ETF will make its debut on the NYSE Arca exchange on April 8, kicking things off with 80,001 shares available right out of the gate.

So, what’s the deal with this ETF? It’s designed to deliver double (2x) the daily price movement of XRP, Ripple’s native token. Think of it like XRP on steroids—it amplifies the daily ups (and downs) of the token’s price by leveraging investor capital. That means you could potentially get twice the exposure to XRP’s performance… but also twice the risk. It’s like riding a rollercoaster with a turbo boost—exhilarating, but not for the faint of heart.

This kind of leveraged ETF gives traders a way to dive into XRP’s market action without needing a huge pile of upfront cash. It’s all about maximizing gains from short-term price moves—perfect for those who live for the thrill of day-to-day trading swings.

Bloomberg ETF analyst Eric Balchunas weighed in, calling the move “pretty weird,” but he did confirm one big thing—XXRP is officially the first ETF in the U.S. tied directly to Ripple’s XRP token. Whether you’re an XRP believer or just watching from the sidelines, one thing’s for sure: this is a major moment for the crypto ETF space.

Are we seeing the start of a new wave of crypto ETFs? Only time will tell—but you might want to keep an eye on this one.