Teucrium CEO Sees ‘Enormous Interest’ in XRP and ‘Extraordinary’ Success for Firm’s XRP ETF
During an appearance on CNBC’s “ETF Edge,” Teucrium Trading President and CEO Sal Gilbertie expressed his enthusiasm for the immense interest in XRP from investors, which he attributed to the strong support from the “XRP Army.” Gilbertie described the company’s XRP ETF as the most successful launch they have experienced so far, with inflows of “hundreds of millions” in just 16 weeks, a response he deemed as “extraordinary.”
While Gilbertie considers himself an XRP enthusiast, he believes that the real opportunity for investors lies in supporting companies that adopt blockchain technology rather than solely focusing on predicting the next successful cryptocurrency. He likened the current landscape to the 1990s internet boom, indicating that investing in companies utilizing blockchain technology could yield substantial returns.
When asked about the potential for an ETF boom within the crypto market, Gilbertie was confident that it is on the horizon, stating that there is “no question” about it. The Teucrium 2x Long Daily XRP ETF (XXRP), which was launched on April 8, 2025, and is listed on NYSE Arca, aims to provide investors with twice the daily movement of the XRP token without directly holding XRP itself.
The strategy employed by the fund primarily involves total return swaps with major financial institutions and may also utilize cash-settled XRP futures to achieve its 2x daily objective before accounting for fees and expenses. It is important to note that the design of the ETF is explicitly daily and not intended to sustain its stated multiple over extended periods.
The disclosures provided by the fund emphasize that compounding and volatility can lead to significant deviations—sometimes sharp—from the 2x XRP benchmark. Additionally, the product can experience losses even when XRP is stable or rising over longer time frames. Various risks associated with the ETF include leverage, tracking and correlation discrepancies, counterparty exposure through swaps, liquidity concerns, and typical ETF trading challenges like premiums, discounts, and wider bid-ask spreads.
According to CoinDesk Data, XRP was trading at $2.64 as of 12:55 p.m. London time on October 26, 2025, representing a 2.2% increase over 24 hours and a 26% gain year-to-date. Data from Yahoo Finance indicates that the Teucrium 2x Long Daily XRP ETF (XXRP) closed the regular trading session on Friday at $22.90, marking a 7.06% increase for the day but a 15.03% decrease year-to-date.
