Teucrium CEO: 'Enormous Interest' in XRP, 'Extraordinary’ Success for Firm's XRP ETF

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Teucrium CEO: 'Enormous Interest' in XRP, 'Extraordinary’ Success for Firm's XRP ETF Sal Gilbertie says hundreds of millions of dollars arrived in about 16 weeks, credits the XRP Army for fast traction and forecasts a broad crypto ETF wave. By Siamak Masnavi , AI Boost | Edited by Aoyon Ashraf Oct 26, 2025, 1:11 p.m. Teucrium Trading CEO says there is "enormous" interest in XRP. (Midjouney / Modified by CoinDesk) What to know : Sal Gilbertie, the President and CEO of Teucrium Trading, flags unusually strong investor demand for XRP since launch. He credits the XRP Army and stresses backing companies building on blockchain. He says a broader wave of crypto ETFs is coming, with adoption set to widen. In this article APT APT $ 3.4960 ◢ 5.89 % Investor demand for XRP is “enormous,” Teucrium Trading President and CEO Sal Gilbertie said during an interview on CNBC's "ETF Edge," crediting the “XRP Army” for rapid traction and calling the fund his firm’s most successful launch to date. Gilbertie said inflows reached “hundreds of millions” in roughly 16 weeks and described the response as “extraordinary.” While he’s an XRP enthusiast, he argued the bigger opportunity for investors may be backing companies that adopt blockchain rather than trying to guess the next winning coin, likening today’s backdrop to the internet’s build-out in the 1990s. Asked whether an ETF boom is coming across the crypto ecosystem, he answered there is “no question.” STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Teucrium 2x Long Daily XRP ETF (XXRP), launched on April 8, 2025 and listed on NYSE Arca, is designed to deliver twice the token’s daily move without holding XRP directly. According to fund materials, the strategy primarily uses total return swaps with major financial institutions and may employ cash-settled XRP futures to reach its 2x daily objective before fees and expenses. The design is explicitly daily and not intended to achieve its stated multiple over multi-day periods. Fund disclosures caution that compounding and volatility can cause multi-day returns to differ — sometimes sharply — from 2x XRP, and the product can lose money even when XRP is flat or rising over longer spans; additional risks include leverage, tracking and correlation slippage, counterparty exposure on swaps, liquidity factors, and typical ETF trading frictions such as premiums, discounts and wider bid-ask spreads. According to CoinDesk Data, at 12:55 p.m. London time on Oct. 26, 2025, XRP traded at $2.64, up 2.2% over 24 hours and 26% year to date (YTD). Per data from Yahoo Finance, Teucrium 2x Long Daily XRP ETF (XXRP) finished Friday’s regular session at $22.90, up 7.06% on the day, and down 15.03% YTD. XRP XRP Army Crypto ETF AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . 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