Teucrium’s 2X XRP ETF Smashes $300M in Inflows—Now Commands 52% of the Market
Wall Street’s latest crypto cash grab just hit a milestone—and it’s not even close.
Teucrium’s leveraged XRP ETF has vacuumed up over $300 million in investor flows, gobbling up 52% of the market. Who said derivatives were just for degens?
The leverage play sucking dry the competition
While traditional finance types clutch their pearls over crypto volatility, this 2x beast is feasting on the fear-and-greed cycle. The numbers don’t lie: $300 million parked in a product that doubles down on an asset regulators love to hate.
A cynical footnote for the suits
Funny how fast the ‘risky’ label disappears when there’s a 2% management fee to collect. Stay greedy, folks.
Two-digit growth
According to CoinShares, XRP ETPs capturedlast week. XXRP’s $73.4 million in net flows then represented 39% of the global flows, and a 22.7% weekly growth in inflows.
On July 21, XXRP saw the most significant daily volume of any XRP ETF in the US to date, capturing $50.4 million.
The Teucrium ETF is the oldest of the four XRP ETFs traded in the US,. On May 22, Volatility Shares launched its XRP products, the funds XRPI and XRPT. While XRPI offers no leverage, XRPT offers exposure to 2x leverage.
XRPI registeredas of July 28, according to data from ETF.com. XRPT postedin net flows in the same period.
Regarding last week’s performance, Volatility Shares’ funds registered similar growth. XRPI total inflows increased by 27% by $33.6 million. At the same time, XRPT added $43.6 million in inflows, growing 26%.
The youngest of the bunch is ProShares Ultra XRP ETF (UXRP), which became live on July 16. Since then, the 2x leverage ETF captured.
Outpaced by Solana products
Despite surpassing solana (SOL) in total market cap to become the third-largest crypto, XRP ETPs still register a smaller inflow count than SOL-related products this year.
XRP-based products closed June with nearly $410 million in year-to-date flows, against SOL’s $292.5 million.
However, XRP products now amount to $721 million in the global total net flows, losing ground to Solana-tied ETPs and their $844 million in inflows.
