In the United States, the first fund exchanged by XRP (ETF) recorded a “formidable response” during its opening day, according to the CEO of Téucrium, Sal Gilbertie.
Speaking on the Crypto Prime podcast, Gilbert Called the beginnings The launch of the most successful ETF of Teucrium to date in terms of activity of the first day.
The New York Stock Exchange (NYSE) has approved the registration of a new negotiated grant fund linked to XRP. The ETF XRP Daily Téucrium 2x long (XXRP) was launched on April 8 and is designed to offer twice the daily performance of XRP via exchange contracts.
Gilbertie said that the fund’s recording had gone widely unnoticed at the start, because it was the only ETF XRP to deposit with a ticker.
The approval process began shortly after changes in the direction of Securities and Exchange Commission (SEC), which Gilbertie has described as a development towards a more constructive regulatory posture on the crypto.
The structure of the product targets active merchants
ETF is designed as a 2x effect trading instrument with daily reset. Gilbertie said that the fund was not intended for a long -term maintenance vehicle and warned that it could lose value during lateral or slow markets due to composition effects inherent in daily reset products with leverage.
Gilbertie said that the fund was aimed at aggressive merchants who are bullish on XRP but who do not have access to the leverage via traditional margin accounts. Unlike ETF Crypto Spot, XXRP does not hold the asset itself and rather follows the daily performance of XRP via derivatives.
He added that retail investors on platforms like Robinhood can now access leverage exposure via ETF packaging without the operational or regulatory requirements of the margin account.
A potential opposite product has also been deposited, but Teucrium chose not to launch it immediately while monitoring the appetite of investors.
The company remains open to the expansion of its Crypto ETF offers if it meets the needs of investors and aligns with its strategy for providing specialized tools through regulated structures.
Regulatory and timing conditions
Gilbertie stressed that the launch had followed the expiration of the compulsory efficiency window, which was calculated from the time of the deposit under the ACT Securities of 1933.
He attributed successful registration and approval to procedural coherence and membership of the rules imposed in the new dry regime. He added that the previous management had been more opponent towards deposits linked to crypto, discouraging innovation and introducing regulatory uncertainty.
Teucrium was one of the first companies to file an ETF Bitcoin (BTC) but was forced to withdraw its request under dry pressure. He then warmed up when the Bitcoin Futures market matured.
Gilbertie said that the role of the company in the establishment of the previous one for ETF Crypto has also constituted the basis of legal arguments in subsequent ETF disputes.
The ETF XRP is currently exposed to assets through Swaps linked to products classified in exchange XRP listed by Europe. Gilbertie said Teucrium would consider alternative instruments, including future if they become available.
The design of the FNB allows exposure to any instrument with a price action linked to XRP according to what is most effective in terms of liquidity and cost.
Outlook for XRP
Gilbertie expressed personal support to XRP, citing its usefulness to facilitate rapid cross -border payments and its adoption by institutions that build infrastructure for close instant settlement.
He referred to Ripple recent acquisition of Hidden Road and said that it could allow integrated leading brokerage services that reduce traditional financial settlement times.
Gilbertie described XRP as a “tool” rather than a reserve of value like Bitcoin, contrasting its role of transactional protocol with the BTC function as a digital organ. He noted that XRP is well distributed, operates in a regulatory framework and is supported by a team engaged in compliance.
The ETF structure of Teucrium provides a regulated entry point for exposure to assets. At the same time, Gilbertie believes that XRP and similar protocols will be used more and more infrastructure for faster financial regulations on the capital markets.
Gilbertie concluded that if Bitcoin should be considered as a portfolio stabilizer and a long-term value store, XRP and other networks such as Ethereum (ETH) and Solana (soil) must be assessed as technological platforms.
He said that the launch of ETFs reflects both a regulatory environment in maturity and an increasing interest in investment instruments in diversified cryptography.
