Teucrium’s planned leveraged bet against XRP has been pushed back again, extending a regulatory process that began more than a year ago even as demand for bullish XRP investment products cont
Teucrium’s planned leveraged bet against XRP has been pushed back again, extending a regulatory process that began more than a year ago even as demand for bullish XRP investment products continues to grow.
A Sept. 11 SEC filing shows that Listed Funds Trust designated Oct. 11, 2026 as the new effective date for the Teucrium 2x Short Daily XRP ETF. The filing says its “sole purpose” is to delay effectiveness of the fund, which originally appeared in a registration statement filed on Jan. 21, 2025.
That distinction matters: the SEC has not rejected the ETF, nor does the filing mean the product will necessarily begin trading on Oct. 11. It simply moves the registration’s effective date again.
The proposed fund is designed to deliver -2x XRP’s daily price performance before fees and expenses. If XRP falls 1% in a day, the fund would seek approximately a 2% gain; if XRP rises 1%, it would seek roughly a 2% loss. Teucrium warns that the product is intended as a short-term trading vehicle and that daily compounding can cause longer-term returns to diverge sharply from -2x XRP’s cumulative move.
The Bullish XRP Fund Is Already Much Further AheadThe delay creates a striking contrast with Teucrium’s existing 2x Long Daily XRP ETF, XXRP.
XXRP is already trading on NYSE Arca and seeks twice XRP’s daily return using derivatives rather than holding XRP directly. Teucrium describes the fund as a tactical product for traders seeking amplified XRP exposure.
As of Sept. 9, XXRP held approximately $151.5 million in assets under management, up from around $78 million in mid-August. That means its asset base roughly doubled in less than a month, although part of that change reflects market performance as well as investor flows.
XXRP has also attracted about $103 million of year-to-date flows, according to ETF Central.
XRP ETF Demand Adds to the ContrastThe long-versus-short split is even more notable because broader XRP fund demand has remained unusually resilient.
U.S. spot XRP ETFs recently continued attracting capital while Bitcoin, Ethereum and Solana products all posted outflows. On Sept. 8 alone, XRP funds recorded $1.55 million in inflows, extending a longer institutional-demand streak that had already pushed cumulative net inflows to roughly $1.68 billion.
That follows an 11-session stretch in which approximately $170 million entered XRP ETFs, including $14.38 million on Sept. 1. The broader XRP ETF inflow trend has persisted even while XRP itself struggled to hold recent gains.
Wall Street participation has grown as well. Goldman Sachs, Jane Street and Millennium Management now rank among reported holders of XRP ETFs, with Goldman’s disclosed exposure estimated around $87.4 million. The expanding institutional ownership helps explain why XRP-linked products are increasingly appearing across conventional U.S. fund structures.
XRP was trading near $1.36 on Sept. 12, after recovering from a Sept. 11 low around $1.32.
For Teucrium, the picture is therefore unusual: its leveraged bullish XRP product already controls more than $150 million, while the proposed -2x bearish counterpart remains stuck in the registration process until at least Oct. 11.
