Teucrium CEO: XRP ETF Was Our Most Successful Launch Day to Date

Crypto researcher SMQKE (@SMQKEDQG) highlighted a recent interview clip featuring Teucrium CEO Sal Gilbertie, where he discussed the successful launch of the first XRP exchange-traded fund (ETF) in the U.S. Speaking with Nate Geraci, Gilbertie described the fund’s debut as the most successful launch in Teucrium’s history.

Gilbertie stated there was “overwhelming excitement” surrounding the ETF, noting that the firm had initially been overlooked despite being the only one to file with a ticker. “It kind of took people by surprise,” he said, pointing out that their filing was made immediately after changes at the U.S. Securities and Exchange Commission (SEC).

In late 2024, former SEC Chair Gary Gensler announced he would on January 20, giving way to a crypto-friendly administration under Donald Trump and his new SEC Chair Paul Atkins. Teucrium filed for the ETF around this time, and according to Gilbertie, the effectiveness period concluded over the weekend, leading to seeding on Monday and the official launch on Tuesday, April 8.

Details of the ETF Listing and Performance

The new Teucrium 2x Long Daily XRP ETF is now listed on the New York Stock Exchange Arca (NYSE Arca). The fund is designed to deliver twice the daily performance of XRP, offering a leveraged investment vehicle aimed at institutional investors and experienced traders.

Gilbertie indicated that nearly two hundred thousand shares traded on day one, calling it a “terrific” result and confirming it was their most successful ETF launch to date.

Regulatory Position and Market Implications

The ETF’s structure makes it operate without requiring direct approval from the SEC due to its leveraged commodity-style format. This structure enabled the product to come to market quicker than other applications awaiting ETF approval and potentially set a model for similar offerings tied to other digital assets.

Teucrium has historically focused on commodity-based ETFs but is now expanding into cryptocurrency, signaling the maturing relationship between institutional finance and digital assets.

The recent conclusion of Ripple’s legal battle with the SEC has also boosted the XRP’s legal clarity and removed the uncertainty that plagued the market for years. This legal clarity likely supported the product’s approval path and market appeal.

SMQKE, who shared the interview excerpt, emphasized Gilbertie’s remarks about the fund’s performance, including his description of a “terrific response” and strong interest from institutions. While the ETF’s leveraged nature may not suit all investors, it represents a new avenue for those seeking amplified XRP exposure through regulated investment platforms.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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