‘Unprecedented Demand’: Teucrium Chief Hails XRP ETF as an ‘Extraordinary’ Milestone

Investor enthusiasm for XRP has been “extraordinary,” said Sal Gilbertie, President and CEO of Teucrium Trading, following the rapid success of the firm’s 2x Long Daily XRP ETF (XXRP), which he called Teucrium’s strongest launch to date.

Speaking on CNBC’s ETF Edge, Gilbertie credited the “XRP Army” for helping the product attract hundreds of millions of dollars in inflows within just 16 weeks. “The response has been enormous,” he said, noting that the fund’s early growth reflects strong market interest in XRP exposure through regulated instruments.

Gilbertie added that while he personally supports XRP, the bigger investment story lies in companies building with blockchain, comparing the current cycle to the internet boom of the 1990s. He also predicted a broader wave of crypto-focused ETFs, stating, “There’s no question — it’s coming.”

Launched on April 8, 2025, and listed on NYSE Arca, the XXRP ETF is designed to deliver 2x XRP’s daily performance without holding the token directly. The product uses total return swaps with major financial institutions and, in some cases, cash-settled XRP futures to meet its daily leverage target.

According to fund disclosures, the ETF’s strategy is strictly daily, meaning compounding effects and volatility can cause multi-day returns to differ significantly from the intended multiple. The documentation also cautions investors about leverage risk, tracking error, counterparty exposure, and trading frictions such as wider spreads or premiums.

As of 12:55 p.m. London time on Oct. 26, XRP was trading at $2.64, up 2.2% in 24 hours and 26% year-to-date, per CoinDesk data. According to Yahoo Finance, XXRP closed Friday at $22.90, up 7.06% on the day, though still down 15.03% year-to-date.

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