{"id":23344,"date":"2025-04-23T10:31:58","date_gmt":"2025-04-23T10:31:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23344"},"modified":"2025-04-23T10:31:58","modified_gmt":"2025-04-23T10:31:58","slug":"xrp-is-the-coin-with-the-most-utility-says-teucrium-ceo","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23344","title":{"rendered":"XRP Is The Coin With \u2018The Most Utility,\u2019 Says Teucrium CEO"},"content":{"rendered":"
\n

In an interview on Bloomberg Crypto with anchors Tim Stenovec and Katie Greifeld, Teucrium Trading\u2019s chief executive officer (CEO) Sal Gilbertie argued that XRP is the crypto asset with \u201cthe most utility\u201d in the entire space.<\/p>\n

\u201cRipple\u2019s a company of really professional people working really hard on this. That\u2019s why we chose XRP. We believe in XRP. We\u2019re not making a price prediction, but we do believe it\u2019s a coin that will have the most utility out there. You know Bitcoin is a store of value [\u2026] but I think that XRP has a true use case,\u201d Gilbertie remarked<\/a>.<\/p>\n

He further highlighted the professionality of the Ripple team which is a big reason the company believes in the crypto asset: \u201cThere\u2019s just no doubt about it in the Ripple team from what the interaction we\u2019ve had with them [\u2026] They act like investment bankers over there. They know what they\u2019re doing and they will make this work.\u201d<\/p>\n

Teucrium\u2019s 2x Long XRP ETF<\/h2>\n

Teucrium launched<\/a> the first XRP-based exchange-traded fund (ETF) in the United States on April 8. The Teucrium 2x Long Daily XRP ETF, traded under the ticker XXRP on NYSE Arca, is a 2x leveraged fund aiming to provide twice the daily return of the token.<\/p>\n

The ETF\u2019s launch coincided with a sharp rebound in the underlying token. While Teucrium cannot see its shareholder register in real time, Gilbertie believes early flows reflect \u201ca mix of professionals and retail trading their own accounts.\u201d XXRP is engineered explicitly for intraday traders, he emphasized: \u201cThis specific product is geared toward traders who have a short-term view\u2014primarily a one-day view\u2014of what XRP\u2019s price moves might be. This allows them in a traditional brokerage account to achieve leverage without a margin account.\u201d<\/p>\n

Gilbertie acknowledged that such magnified exposure is unsuitable for na\u00efve investors. \u201cOf course it\u2019s risky. Leveraged funds are always risky and people need to be very careful,\u201d he cautioned, adding: \u201cI hope that the non-sophisticated traders do their homework first before they set foot in this.\u201d<\/p>\n

The conversation also illuminated a shifting regulatory atmosphere in Washington. Gilbertie contrasted the Securities and Exchange Commission\u2019s current leadership with its prior stance under former Chair Gary Gensler<\/a>, without naming him directly but characterizing the previous regime as \u201ca blocker\u201d to digital-asset innovation.<\/p>\n

\u201cThe old SEC regime was a blocker\u2026worked against the crypto industry,\u201d he said. By contrast, the gap between administrations\u2014during which newly confirmed Chair Paul Atkins<\/a> and the fresh slate of commissioners were still settling in\u2014created a moment when Teucrium\u2019s application could proceed. \u201cWe applied as soon as we could, meaning the old regime had left and wouldn\u2019t block us, and we simply listed as soon as we could following the normal rules. The staff is really wonderful at the SEC\u2026It\u2019s the leadership that matters.\u201d<\/p>\n

XXRP\u2019s methodology relies on daily rebalancing of swap positions to deliver twice the token\u2019s move\u2014up or down\u2014over a single trading session. Compounding makes the fund unsuitable as a long-term proxy, an intrinsic feature common to all daily leveraged products but one the firm has gone to pains to highlight in its prospectus. Gilbertie underscored that message: \u201cVolatility is the point. You want the action,\u201d but traders must understand that the action cuts both ways.<\/p>\n

For now, Gilbertie is betting that the community\u2019s zeal, combined with a friendlier SEC stance, will keep volume humming. \u201cWe thought the time was right,\u201d he concluded, \u201cand so far the market seems to agree.\u201d<\/p>\n

At press time, XRP traded at $2.24.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

In an interview on Bloomberg Crypto with anchors Tim Stenovec and Katie Greifeld, Teucrium Trading\u2019s chief executive officer (CEO) Sal Gilbertie argued that XRP is the crypto asset with \u201cthe most utility\u201d in the entire space. \u201cRipple\u2019s a company of really professional people working really hard on this. That\u2019s why we chose XRP. We believe […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23344","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23344"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23344\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}