Share-split context: A reverse split was recorded on Jun 29, 2026 with coefficient 0.1. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

Understanding TEUCRIUM 2X LONG DAILY XRP ETF (XXRP)

What this ETF is trying to do

The TEUCRIUM 2X LONG DAILY XRP ETF (XXRP) is a leveraged ETF. This means it is designed to move in a different way than the standard price of its underlying asset. It is traded on the NYSE.

What the numbers show

The data shows significant share-price declines for this ETF over recent periods.

• Year-to-Date (YTD): The price return is approximately -67.35%. The total return is approximately -67.27%.

• One-Year: The price return is approximately -90.12%. The total return is approximately -89.48%.

It is important to understand the difference between these two numbers. The price return only measures how much the share price changed. The total return includes both the price change and any distributions paid out.

This ETF also has a history of a reverse split. On June 29, 2026, a reverse split occurred with a coefficient of 0.1. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but it does not increase the actual value of the investment. Because this ETF has a split history, an estimated price from one year ago is not provided.

Income and distribution explanation

The ETF has a distribution yield of approximately 2.00%. Over the last 12 months, there were 2 distributions totaling approximately $0.62 per share. The distribution frequency is described as irregular or less frequent, with the most recent payments occurring on Wednesdays.

While some investors look for distributions as income, a high yield does not guarantee that the investment value will stay the same.

NAV erosion explanation

This ETF has a severe erosion-risk flag. The data shows an erosion score of 10, which is labeled as "Severe price erosion." This means the fund has experienced a major decline in its market price.

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. While the market price has dropped significantly, we cannot use this price data alone to prove what happened to the Net Asset Value (NAV).

Pros

• The ETF provides a distribution yield of approximately 2.00%.

Cons

• Significant Price Decline: The ETF has seen a one-year price return of approximately -90.12%.

• High Risk: The fund has a severe erosion-risk flag and a severe price erosion score.

• Low Income Rating: The income rating grade is an "F" with a score of 33.

• Leverage: As a leveraged ETF, it is designed for daily movements and carries different risks than standard funds.

Beginner takeaway

XXRP has experienced very large declines in its share price over the last year. While it does pay occasional distributions, the total return has been deeply negative. The "severe erosion-risk flag" is a warning that the share price has deteriorated significantly. Always remember that high yields can exist even when the share price is falling.