What to know:
- Sal Gilbertie, President and CEO of Teucrium Trading, notes the extraordinary, almost mock-heroic, clamor for XRP since its unveiling. 🌟
- He gives a standing ovation to the XRP Army while extolling the virtues of supporting blockchain builders. 🙌
- He prophesizes a crypto ETF avalanche on the horizon, with adoption destined to sprout like wildflowers. 💥
Sal Gilbertie, in a recent interview with CNBC’s “ETF Edge,” proclaimed that investor interest in XRP is nothing short of colossal. With his dashing charm, he attributed this fervent enthusiasm to the “XRP Army,” calling the ETF project the crowning jewel in Teucrium’s storied history. “Inflows have reached ‘hundreds of millions’ within the space of just 16 weeks,” he gallantly announced, likening the investor fervor to the legendary long queues at a rock concert’s VIP booth. 🎸
Though Gilbertie owns the title of “XRP enthusiast,” he couches the opportunity in investing in blockchain companies as the real bonanza, much like the adventurous spirit of the dot-com era. When queried about the looming crypto ETF boom, he replied with the certainty of a man convinced tomorrow’s weather would indeed feature sunshine. 🌞
Teucrium’s 2x Long Daily XRP ETF (XXRP), launched with much pomp and ceremony on April 8, 2025, and listed on NYSE Arca, promises to deliver double the token’s daily performance without the complication of holding XRP itself-a sort of financial gymnastics through total return swaps and cash-settled futures. ⏰
The ever-cautious fund fact sheet warns that the dazzling 2x ambition may not extend beyond a day’s travel without price slips sharper than a fashion critic’s tongue. It cautions of leverage, tracking slippage, counterparty exposures, liquidity concerns, and the typical intrigues of ETF trading such as premiums, discounts, and the yawning chasm of bid-ask spreads-an alluring financial smorgasbord with enough pitfalls to satisfy even the most lethargic critic. 🕰️
At 12:55 p.m. London time on a brisk October 26, 2025, XRP was trading at $2.64, positively buoyant by 2.2% over the past day and a bullish 26% year-to-date. Teucrium’s XXRP, on the other hand, finished Friday’s session at $22.90, a modest uplift of 7.06% for the day, yet trailing by 15.03% year over year-an oddly endearing discrepancy between ETF optimism and the reality of market machinations. 💼
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2025-10-26 16:27