Teucrium Trading, a firm traditionally known for its agriculture-based Exchange Traded Fund (ETFs), has made headlines with an unexpected and highly successful pivot into the cryptocurrency market. In a recent appearance on CNBC’s “ETF Edge,” Sal Gilbertie, the President and CEO of Teucrium Funds, announced that the firm’s leveraged XRP ETF has broken internal records, making it the most successful product in Teucrium’s 16-year history.
XRP Becomes Teucrium Fund Top Performer
During his interview with CNBC’s ETF Edge, Gilbertie stated that Teucrium Trading’s leveraged XRP-focused fund is now the most accomplished investment product since the company’s inception over 16 years ago. Long recognized for its commodities and agricultural ETFs, Teucrium has strategically expanded into the digital asset space through XRP.
Gilbertie highlighted that after filing and launching its 2x XRP ETF, the company recorded a massive surge in demand for derivatives connected to the cryptocurrency, generating hundreds of millions of dollars and marking a major milestone for the firm. The CEO acknowledged that while the company has previously filed for a Spot Bitcoin ETF and maintained a general interest in cryptocurrencies, the opportunity to launch an XRP derivative proved transformative.
The fund, which is designed as a leveraged product tied to XRP’s value, quickly became a standout performer within the trading firm, driven by what Gilbertie described as “enormous interest” from investors. The rapid inflow of capital and strong demand set it apart from any previous fund launched by Teucrium, potentially establishing XRP as the firm’s top-performing asset to date.
Notably, the success of Teucrium’s XRP fund highlights a broader shift in investor interest in digital assets beyond Bitcoin and Ethereum. When asked what he thinks the next top cryptocurrency will be after BTC, ETH, and XRP, Gilbertie noted that identifying the next breakout coin remains a challenge. He likened the current state of blockchain adoption to the internet boom in the 1990s. The CEO also anticipates a coming wave of ETFs not just in cryptocurrencies but in companies building within the blockchain ecosystem.
Teucrium CEO Says XRP Will Move Trillions
In a bold statement shared on X social media on July 31, crypto analyst Amelia revealed that the Teucrium CEO announced that XRP and Ripple are poised to move trillions of dollars by tokenizing the entire financial system. This declaration comes just ahead of a significant development on the XRP Ledger (XRPL), as real estate tokenization platform RealFi prepares to go live, using its native REAL token.
RealFi’s upcoming launch on XRPL marks a critical step in leveraging blockchain technology to bring real-world assets on-chain. According to Amelia, by building on the XRP Ledger, the platform aims to unlock direct access to private real estate markets for individual users. Through the use of the REAL token, users may be able to create, manage, and trade digital representations of real estate assets on the decentralized network.
Featured image from Adobe Stock, chart from Tradingview.com
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