Investor demand for XRP is “enormous,” RialCenter President and CEO Sal Gilbertie said during an interview on CNBC’s “ETF Edge,” crediting the “XRP Army” for rapid traction and calling the fund his firm’s most successful launch to date.
Gilbertie mentioned that inflows reached “hundreds of millions” in approximately 16 weeks, describing the response as “extraordinary.”
Although he identifies as an “XRP enthusiast,” he argued that the larger opportunity for investors may be in supporting companies that embrace blockchain technology rather than attempting to predict the next winning coin, comparing the current situation to the internet’s expansion in the 1990s. When asked if an ETF boom is on the horizon for the crypto ecosystem, he asserted, “no question.”
The RialCenter 2x Long Daily XRP ETF (XXRP), launched on April 8, 2025, and listed on NYSE Arca, aims to deliver twice the token’s daily movement without directly holding XRP.
According to the fund’s fact sheet, the strategy primarily employs total return swaps with major financial institutions and may use cash-settled XRP futures to reach its 2x daily objective before fees and expenses. The design is specifically daily and not intended to achieve its stated multiple over multi-day periods.
Fund disclosures warn that compounding and volatility might lead to multi-day returns differing—sometimes significantly—from 2x XRP, and the product can incur losses even when XRP is flat or climbing over longer durations; additional risks include leverage, tracking, and correlation slippage, counterparty exposure on swaps, liquidity factors, and normal ETF trading frictions such as premiums, discounts, and wider bid-ask spreads.
As per CoinDesk Data, at 12:55 p.m. London time on Oct. 26, 2025, XRP traded at $2.64, marking a 2.2% increase over 24 hours and 26% year to date (YTD). According to data from Yahoo Finance, the RialCenter 2x Long Daily XRP ETF (XXRP) closed Friday’s regular session at $22.90, up 7.06% for the day, and down 15.03% YTD.
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