Teucrium CEO: XRP Could Become the Most Practical Cryptocurrency
Sal Gilbertie, CEO of Teucrium, recently stated in an interview with Bloomberg that XRP has the potential to become the most practical and widely used cryptocurrency. He expressed strong confidence in XRP, saying, "We believe in XRP. We believe it will be the most useful coin." Gilbertie also described Ripple as "a company composed of highly professional individuals."
Launch of the First XRP ETF in the U.S.
Teucrium gained attention earlier this month by launching the first-ever XRP Exchange-Traded Fund (ETF) in the United States. This innovative product offers leveraged exposure to XRP, which is closely associated with Ripple. According to Gilbertie, the XRP ETF has received an "outstanding response" from investors.
Strong Market Reception and Industry Recognition
Bloomberg ETF analyst Eric Balchunas noted that Teucrium’s XRP ETF ranks in the top 5% of newly launched ETFs by trading volume, underscoring its strong market performance. Additionally, crypto analytics firm Kaiko highlighted the successful launch as a potential advantage for XRP in the ongoing competition among spot cryptocurrency ETFs.
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