XRP News Today: Teucrium Launches 2x Long Daily XRP ETF as Ripple Aims to Disrupt SWIFT

Sal Gilbertie, CEO of Teucrium, has explained the firm’s decision to launch the 2x Long Daily XRP ETF by citing his belief in Ripple’s potential to transform international payment systems, particularly SWIFT [1]. During a recent appearance on the Thinking Crypto podcast, Gilbertie emphasized that Ripple’s long-term strategy and infrastructure are designed to modernize global finance by replacing outdated systems with more efficient alternatives. He described Ripple’s mission as one of consistent innovation, setting it apart from other blockchain initiatives that lack a clear, actionable direction [1].

With a professional background in derivatives trading, including futures and swaps, Gilbertie has a deep appreciation for financial systems that enhance efficiency. He criticized the traditional banking system for its cumbersome nature, particularly when it comes to wire transfers, which he views as a prime area for disruption. According to Gilbertie, Ripple’s approach aligns with his understanding of financial markets and the need for better solutions [1].

Unlike many investors who are drawn to high-profile blockchains like Ethereum or Solana, Gilbertie stated that XRP stood out due to its real-world utility and Ripple’s clear, mission-driven focus. He highlighted that XRP is not just a speculative asset but a token designed to solve practical problems in financial services, particularly for institutions seeking faster and cheaper cross-border payments [1].

To differentiate itself in the competitive ETF market, Teucrium chose to launch a leveraged product rather than a traditional spot ETF. The 2x Long Daily XRP ETF offers double exposure to XRP, leveraging the firm’s institutional expertise in structured financial instruments. This approach allowed Teucrium to avoid the crowded spot market and establish a unique position in the space [1].

The ETF’s structure is based on swaps linked to a Swiss ETF holding XRP, which enabled Teucrium to gain a first-mover advantage in the U.S. market for leveraged XRP products. The strategy proved successful, with the fund surpassing $300 million in assets under management by the end of last month. This milestone marks the first time a U.S.-based XRP ETF has achieved such a level of capitalization [1].

Gilbertie credited the ETF’s success to strong community support and the appeal of high-risk, high-reward products. He described XRP’s investor base as an “army,” noting that their enthusiasm has been a key driver in the fund’s growth [1].

Reflecting on earlier challenges, Gilbertie also discussed Teucrium’s initial efforts to launch a Bitcoin ETF. The firm had filed under the 1933 Securities Act, but a regulatory shift under former SEC Chair Gary Gensler toward the 1940 Act led to a loss of competitive timing. Despite this setback, the experience reinforced the firm’s strategic pivot toward XRP and leveraged products [1].

Gilbertie remains confident in Ripple’s ability to lead a transformation in cross-border payments. He views XRP not only as a strategic investment but as a digital asset with tangible utility that can replace legacy systems like SWIFT. His firm’s decision to back XRP with a leveraged ETF reflects a broader conviction in Ripple’s potential to reshape global finance [1].

Source:

[1] Teucrium CEO Thinks Ripple Could Replace SWIFT... (https://timestabloid.com/teucrium-ceo-thinks-ripple-could-replace-swift-hence-the-xrp-etf-launch/)