After Bitcoin and Ethereum spot ETFs received regulatory approval, a wave of applications for alternative cryptocurrency ETFs followed. While these applications faced uncertainty due to recent market downturns, they saw momentum with the change in SEC leadership. Bloomberg analyst James Seyffart announced today that the first XRP leveraged ETF will launch on the NYSE Arca under the symbol XXRP, marking a significant step forward for the asset and potentially boosting broader adoption. Teucrium Investment Advisors is behind this initiative, preparing to offer a 2x leveraged ETF starting April 8th. The move provides investors with amplified exposure to XRP’s daily price movements before full spot ETF approval is granted. This innovative product signifies the growing interest in XRP ETFs and may signal more similar initiatives in the future, according to Teucrium CEO Sal Gilbertie. Meanwhile, analyst Eric Balchunas noted the unusual launch of a leveraged ETF for a new asset class amidst market uncertainty and highlighted the high likelihood of a spot XRP ETF approval by 2025.