XXRP Fees and Costs — Teucrium 2x Long Daily XRP ETF
Data updated: 2026-08-26
The net expense ratio is 2.77%: a 1.89% management fee plus 0.88% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.1M in broker commissions, 1.2367% of average net assets, and portfolio turnover was 0%.
XXRP Fees and Expenses
Annual operating expenses and sales charges of XXRP. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.88% |
| Gross expense ratio | 2.77% |
| Fee waiver | — |
| Net expense ratio | 2.77% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
XXRP Costs Over Time
On $10,000 invested in XXRP, assuming 5% a year before costs, total costs come to $2,360 over 5 years, cutting the return by 4.21% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.77%) | $291 | $879 | $1,477 |
| Trading costs (broker commissions) | $130 | $393 | $660 |
| Lost growth on money paid in costs | $0 | $64 | $223 |
| Total costs | $421 | $1,336 | $2,360 |
| Value after costs | $10,079 | $10,240 | $10,403 |
| Impact on return, per year | 4.21% | 4.21% | 4.21% |
XXRP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 1.2367%
- Total broker commissions: $3.1M
- Bought from dealers (principal trades, not a cost): $6.1B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
XXRP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WEDBUSH SECURITIES INC. | $1.0M | 33.58% |
| STONEX FINANCIAL INC. | $690K | 22.52% |
| ADM SECURITIES, INC | $491K | 16.01% |
| MAREX CAPITAL MARKETS INC. | $432K | 14.08% |
| HIDDEN ROAD PARTNERS CIV US LLC | $411K | 13.41% |
| CLEAR STREET LLC | $12K | 0.39% |
XXRP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $6.1B | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.