The plan to launch a 2x short position on XRP ETF has been postponed again. According to a document submitted to the U.S. Securities and Exchange Commission on September 11, the new effective date for this product has been set for October 11, 2026.
The purpose of this file adjustment is to further postpone the effective date of the registration declaration. It does not imply that the U.S. Securities and Exchange Commission has rejected the product, nor does it mean that trading will begin on October 11th.
Short-selling products are still awaiting activation.
The name of this proposed fund is Teucrium 2x Short Daily XRP ETF. The goal is to provide a negative 2 times return on the daily price performance of XRP before deducting fees.
In other words, if XRP falls by 1% in a single day, the fund is theoretically expected to rise by about 2%; if XRP rises by 1% in a single day, the fund may fall by about 2%. Such products are mainly aimed at short-term trading, and daily compounding can also lead to a significant deviation between the long-term return and the cumulative decline of the underlying asset.
The scale of its long-position products has exceeded $150 million.
In contrast to the continuous delays in launching short-selling products, Teucrium's existing 2x long position on XRP ETF is already listed and traded on NYSE Arca. The fund code for this product is XXRP. It obtains leverage exposure to XRP through derivatives and does not directly hold XRP.
As of September 9, XXRP managed assets of approximately $151.5 million, which is higher than the level of around $78 million in mid-August, nearly doubling in size in less than a month. Data from ETF Central shows that the fund has accumulated a net inflow of about $103 million for the year.
- As of September 9, managed assets amounted to approximately $151.5 million.
- In mid-August, the scale was approximately 78 million US dollars.
- Cumulative net inflow within the year was approximately 103 million US dollars.
XRP The fund's cash flow continues to persist.
What is more noteworthy is that funds related to XRP continue to attract capital recently. Reports mention that US spot XRP ETF has continued to record net inflows recently, while products related to Bitcoin, Ethereum, and Solana have seen capital outflows during the same period.
On September 8th alone, the XRP fund had a net inflow of approximately $1.55 million, with the cumulative net inflow rising to about $1.68 billion. In the preceding 11 consecutive trading days, the XRP ETF fund attracted a total of about $170 million, of which on September 1st there was a single-day inflow of around $14.38 million.
The participation of Wall Street institutions is also on the rise. Reports mention that Goldman Sachs, Jane Street, and Millennium Management have appeared on the list of holders of XRP ETF. Among them, Goldman Sachs disclosed a related exposure of approximately 87.4 million US dollars.
As of September 12, the price of XRP was around $1.36, showing a rebound from the low of $1.32 on September 11. Overall, the long positions for Teucrium and XRP products have been rapidly expanded, while the corresponding short positions, which are twice as large, will not be able to enter the next registration process until at least mid-October.
