In a recent interview, Teucrium CEO Sal Gilbertie discussed the launch of the XRP ETF and explained why Ripple and its token XRP deserve attention in the context of international financial systems.
Launch of XRP ETF by Teucrium
Sal Gilbertie revealed the reasons behind Teucrium's decision to launch the 2x Long Daily XRP ETF. He noted that faith in Ripple and its potential to change global financial systems like SWIFT played a key role in the decision.
Advantages of XRP and Its Distinction from Other Tokens
Gilbertie emphasized that XRP stands out among other cryptocurrencies due to its real utility and Ripple's strategy. He believes that XRP fits Teucrium's strategy due to its commitment to providing functional solutions for financial institutions.
Teucrium's Experience with Bitcoin ETFs and New Strategies
Gilbertie noted the challenges Teucrium faced with launching Bitcoin ETFs and how recent regulatory changes affected their competitive edge. Despite this, the company found new strategies for successfully entering the market with XRP-based ETFs.
Sal Gilbertie expressed confidence that with the new ETF, Teucrium will capitalize on the growing interest in XRP and reveal its potential as a tool for improving international payments.
