Teucrium Launches 2x XRP ETF, CEO Cites Utility and Regulatory Shift
1min read Teucrium Trading’s chief executive officer (CEO) Sal Gilbertie, in an interview, asserted that XRP is the crypto asset with the most utility in the entire space. He highlighted the professionalism and dedication of the Ripple team, stating that their expertise and hard work are significant reasons for Teucrium’s belief in XRP. Gilbertie emphasized that while Bitcoin is often seen as a store of value, XRP has a true use case, making it a coin with substantial utility.
Teucrium launched the first XRP-based exchange-traded fund (ETF) in the United States on April 8. The Teucrium 2x Long Daily XRP ETF, traded under the ticker XXRP on NYSE arca, is designed to provide twice the daily return of the token. Gilbertie noted that the ETF’s launch coincided with a rebound in the underlying token and that early flows reflect a mix of professionals and retail traders. He emphasized that the product is geared toward intraday traders with a short-term view, allowing them to achieve leverage without a margin account.
Gilbertie acknowledged the risks associated with leveraged funds, cautioning that such magnified exposure is unsuitable for naïve investors. He advised non-sophisticated traders to do their homework before investing. The conversation also touched on the shifting regulatory atmosphere in Washington, with Gilbertie contrasting the current leadership with the prior stance under the former chair, characterizing the previous regime as a blocker to digital-asset innovation. He noted that the gap between administrations allowed Teucrium’s application to proceed, highlighting the importance of leadership at the SEC.
XXRP’s methodology relies on daily rebalancing of swap positions to deliver twice the token’s move over a single trading session. Gilbertie underscored that volatility is the point, but traders must understand that the action cuts both ways. He expressed optimism that the community’s zeal, combined with a friendlier SEC stance, will keep volume humming. Gilbertie concluded that the timing was right for the launch and that the market seems to agree.
