{
 "ticker": "XXRP",
 "name": "Teucrium 2x Long Daily XRP ETF",
 "issuer": "Teucrium",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/XXRP",
 "html": "https://etfiq.com/funds/XXRP",
 "markdown": "https://etfiq.com/funds/XXRP.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: XXRP returned +23.8% where its own daily promise gave +29.4%, 5.6 points short.",
 "key_facts": [
  {
   "key": "what_xrpr_did",
   "label": "What XRPR did",
   "value": "+19.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XXRP, what XRPR did: +19.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+29.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XXRP, what +2 times a day gives: +29.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+23.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XXRP, what the fund returned: +23.8%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22125.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XXRP, the fund itself cost: \u22125.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$88m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "XXRP, net assets: $88m (source, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.77%",
   "source": "485BPOS XBRL, Apr 29, 2026",
   "as_of": "2026-09-11",
   "sentence": "XXRP, expense ratio: 2.77% (485BPOS XBRL, Apr 29, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of XRPR, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.23 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XRPR",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "asset class, crypto",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$88m",
   "source": "source, as filed for Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.77%",
   "source": "485BPOS XBRL, Apr 29, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 8, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "66% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+66.5%",
   "XRPR": "+34.8%",
   "+2x the move": "+69.6%",
   "Difference": "\u22123.1 pts",
   "XRPR moved about": "87%"
  },
  {
   "window": "3 months",
   "Fund": "+23.8%",
   "XRPR": "+19.4%",
   "+2x the move": "+38.7%",
   "Difference": "\u221214.9 pts",
   "XRPR moved about": "66%"
  },
  {
   "window": "6 months",
   "Fund": "\u221228.3%",
   "XRPR": "\u22123.7%",
   "+2x the move": "\u22127.5%",
   "Difference": "\u221220.9 pts",
   "XRPR moved about": "59%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221291.6%",
   "XRPR": "\u221256.9%",
   "+2x the move": "\u2212113.9%",
   "Difference": "+22.2 pts",
   "XRPR moved about": "75%"
  }
 ],
 "questions": [
  {
   "q": "Did XXRP return +2 times XRPR?",
   "a": "Over the window to Sep 11, 2026, XRPR moved +19.4% and XXRP returned +23.8%. 2 times that move is +38.7%, so the fund came out 14.9 points short of it."
  },
  {
   "q": "Why does XXRP not return +2 times over a year?",
   "a": "Because it resets daily. XXRP aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which +2x XRPR ETF tracked its stated multiple most closely?",
   "a": "3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}