Short XRP ETF Delayed Again as Launch Pushed to 2026

Teucrium has once again postponed the release of its short XRP exchange-traded fund, marking the 19th delay. According to a September 11 filing, the earliest possible launch date has been moved to October 11, 2026.

The fund is structured to generate profits for investors when XRP declines in value. Its counterpart, which provides gains when XRP rises, has been available for trading since April 2025.

19 Filings for XRP Short ETF Without a Single Launch

Documents on file with the U.S. Securities and Exchange Commission reveal that the same three-page submission has been filed roughly every month since April 4, 2025. Each one serves the same purpose: updating the date.

The latest filing offers no reason for the change beyond the new date. Strategy details, fees and risk disclosures remain unchanged.

That date does not represent a scheduled launch. It indicates the earliest day trading may begin, and permission does not guarantee the fund will start.

📄 SEC filing alert:

Listed Funds Trust just delayed the effectiveness of the Teucrium 2x Short Daily XRP ETF to October 11, 2026.

A 2x SHORT XRP ETF is literally in the pipeline. Institutions aren't just betting up on XRP they're building tools to bet against it too.

Two-way… https://t.co/qJBDF2YDSr pic.twitter.com/QUu0Ic7sSY

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 12, 2026

The initial delay occurred four days before the 2x long XRP fund started trading on the New York Stock Exchange. Teucrium proceeded with the version that tracks upward moves while setting aside the one that bets on declines.

No regulatory body prevented the launch. Each postponement was a voluntary decision by the firm.

Why the Anti-XRP Bet Never Made It to Market

The product is designed to deliver twice the daily percentage change of XRP, but in the opposite direction. It would not involve selling any XRP directly. Instead, it would rely on contracts with trading firms that pay out when the price falls.

Teucrium has provided no explanation for the repeated delays in any regulatory filing.

Meanwhile, the price movement the fund was intended to profit from occurred without it. XRP reached a peak of $3.65 in July 2025 and is now trading near $1.37, reflecting a drop of more than 60%. Investors who wanted a listed vehicle to bet against that decline had no option.

Standard funds that simply hold XRP did come to market, and they continued to attract capital. Over their last 20 trading sessions those funds received $190.5 million, with outflows recorded on just one day.

Buyers remained in place throughout the downturn. Total inflows since the funds launched now stand at $1.70 billion. What no one could purchase was the inverse position.

October 11 will be the 20th deadline set for this fund. After 19 delays, the more pressing question is what would change if it ever actually begins trading.