A recently launched leveraged XRP ETF (exchange-traded fund) continued adding assets last week even as the XRP price retreated. The Teucrium 2x Long Daily XRP ETF, whose ticker symbol is XXRP, has accumulated over $106 million in assets since its approval in April. Most importantly, the fund has added assets in all weeks since its inception, with last week being its best. ETF.com data shows that it added $30.4 million in assets, a big increase from the $14.1 million it added a week earlier. XXRP ETF inflows data | Source: ETF The ongoing inflows are a sign that there is demand for XRP ETFs on Wall Street. Spot Ethereum ETFs have added just $2.5 billion in assets since September, while the 2X Solana ETF (SOLT) has only $30 million . SOLT was launched two months before the XXRP ETF. This view mirrors the JPMorgan forecast for Solana and XRP ETFs. In its report , the bank predicted that the two funds would attract $15 billion in inflows in the first year, with most of them going to XRP. The next important catalyst to watch is in June when the SEC will rule on the Franklin Templeton XRP ETF. It will likely delay the ETF approval again, and then it will be approved with those of companies like Bitwise and VanEck ahead of their Oct. 15 deadline. Polymarket traders have placed an 83% chance of XRP ETFs being approved this year. You might also like: Pi Network price crashes as centralization risks persist XRP ETF approval odds | Source: Polymarket The XXRP ETF is significantly different than the spot XRP ETFs. For one, it is a more expensive fund to own because of its 1.89% expense ratio. Judging by the existing ETH and BTC ETFs, their expense ratios will be less than 0.50%. The ETF is also leveraged, allowing investors to achieve 2 times the daily returns of XRP. For example, it dropped by almost 3% on Friday as Ripple ( XRP ) fell by 1.5%. XXRP vs XRP price action | Source: SeekingAlpha The long-term performance of a leveraged ETF can go either way, depending on the underlying asset. For example, the leveraged ProShares UltraPro QQQ ETF has jumped by 270% in the last five years, while the Nasdaq 100 Index has risen by 130% in the same period. The XXRP has jumped by 58% since inception, while the XRP has risen by 15%. Read more: Hack? SEC probe? Coinbase stock soars despite difficult week
