Teucrium sets October 11 launch for 2x Short XRP ETF
XRP (XRP)
Editor:
Eugene Serbin
cryptobriefing.com reports that the Teucrium 2x Short Daily XRP ETF has been assigned a new registration effectiveness date of October 11, 2026. The Securities and Exchange Commission delayed approval after Listed Funds Trust filed a post-effective amendment on September 11, 2026. This fund aims to deliver twice the inverse of XRP’s daily price movement, meaning a 3% drop in XRP would target a 6% return for the ETF.
Teucrium initially submitted the registration for this product on January 21, 2025, stretching the approval process across nearly two years. The delay follows a standard procedural step that resets the SEC’s review clock. Teucrium already operates the 2x Long Daily XRP ETF, which trades under the ticker XXRP.
That long product launched on April 8, 2025, and held approximately $151.5 million in assets under management as of September 2026. The inverse version utilizes derivatives, primarily swaps, to achieve exposure without holding XRP directly. Other products like Canary Capital’s spot XRP ETF, XRPC, launched in November 2025, expanding the available infrastructure. Professional traders often use such inverse instruments as hedges to offset downside risk without triggering taxable events on underlying holdings.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 12 September 2026. Not the outlet's figures.
XRP is trading at $1.36 with a 24-hour buy ratio of 48.3%, indicating that buying pressure is slightly more balanced than in the shorter timeframes. The 1-hour buy ratio sits at 45.7% and the 4-hour ratio is 44.1%, showing that recent trading activity has seen more sellers than buyers compared to the daily average. Volume delta reflects this imbalance, with -$130,568 in the last hour and -$1,190,597 over four hours. Over the full day, the volume delta totals -$7,884,205, confirming that selling pressure has outweighed buying pressure. The cumulative volume delta (CVD) for the 24-hour close is -$3,067,849. Net buying occurred for only 8 of the 24 hours, with spot volume reaching $237,429,382 across 1,199,132 trades.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.1%, making today’s 24-hour ratio of 48.3% slightly lower by 1.8 percentage points. Trading volume has been 1.41 times the average, indicating significantly higher activity than usual. This elevated volume occurred despite a price change of -3.0% over the eight-day period. The total volume delta for the week was -$1,120,207, with net buying observed on only 3 of the 7 days. This suggests that while participation is high, the prevailing trend over the week has been one of net selling.