Latest news with #Teucrium2xLongDailyXRP
CNBC
30-07-2025
- Business
- CNBC
Why it appears Washington is becoming friendlier toward crypto ETFs under Trump
Attitudes on Capitol Hill toward exchange-traded funds and cryptocurrency may be changing. Teucrium CEO and CIO Sal Gilbertie told CNBC's "ETF Edge" regulators are becoming "more friendly" under President Donald Trump versus the Biden administration. "It's a completely different environment in Washington right now," Gilbertie said on Monday. "It's more welcoming towards innovation — especially in crypto… and that's a relief for us." Gilbertie's firm oversees the Teucrium 2x Long Daily XRP ETF (XXRP), which aims to return double the daily performance of the cryptocurrency XRP, according to the fund's website. As of Tuesday's close, the ETF is up 96% since its April 7 launch. Gilbertie said Teucrium's role in pitching funds has not changed, but the reception from regulators has. "The steps that we take to list the fund are the same, but there's no animosity anymore," Gilbertie said. "We're not feeling like they're antagonistic, that they're looking for a problem, that they're looking to actually go against whatever it is you're trying to do." With discussion of regulating newer market players, like ETFs and crypto, Gilbertie said investors need to be savvy and "understand what they're owning" as new products enter the playing field. "The U.S. markets are the safest markets in the world for a reason, because we have tight and very thorough regulations," he said. "But I think investors always need to be learning." The Teucrium 2x Long Daily XRP ETF is geared toward investors with a high risk tolerance. In a news release this month, the firm noted the ETF "carries distinct risks" due to its use of leverage and warned it may not be suitable for all investors. Investment Company Institute CEO Eric Pan is also encouraged by what he sees in Washington — particularly when it comes to the Securities and Exchange Commission engaging with industry players. He thinks cryptocurrency regulation discussions are in the early stages. "They're [regulators] very interested in hearing the views of groups like mine at the ICI. They want to talk to member firms. They want to understand what they're seeing in the marketplace," said Pan in the same interview, adding that this is a "really positive step." The process of rolling out crypto-related ETF products is not much different from ETFs containing traditional stocks, bonds and commodities, Pan said. In both cases, he said regulatory certainty is important to mitigate risk for firms and investors, but he also wants to see room for innovation. "We like the idea that, through competition, firms [and] our members can come up with new products, try them out, see if there's an interest in them," Pan said. "That's really what we've been advocating for, both on Capitol Hill and with the SEC." The excitement comes just weeks after President Trump signed the GENIUS Act, a law regulating stablecoins. Stablecoins are a type of cryptocurrency that's pegged to a fiat currency, like the U.S. dollar. The legislation marks a major legislative win for cryptocurrency and furthers Trump's goal to make the U.S. the "crypto capital of the world."
CNBC
28-07-2025
- Business
- CNBC
XXRP surges 100% since April launch. Here's what the fund's president says is next for crypto in ETFs
Sal Gilbertie, Teucrium Trading president, joins CNBC's Dom Chu on 'ETF Edge' to discuss the strategy and growth behind the firm's Teucrium 2x Long Daily XRP ETF. They also look to the road ahead for crypto in funds after the signing of the GENIUS Act.
Int'l Business Times
24-04-2025
- Business
- Int'l Business Times
Teucrium CEO Praises $XRP Army, Says Altcoin Has 'True Use Case'
Gilbertie said the $XRP Army members are a "rightfully" a dedicated community He also criticized the Gensler SEC, calling it a "blocker" of new financial products He said Teucrium believes $XRP has much promise as a utility token XRP has been one of the most trending altcoins in recent months following Donald Trump's presidential victory and the succeeding applications for XRP exchange-traded funds (ETFs) that followed. According to Teucrium CEO Sal Gilbertie, the XRP Army has had a role to play in the positive developments. In a Wednesday interview with Bloomberg TV, Gilbertie, who leads the Vermont-based investment adviser, lauded the XRP community's dedication and also talked about his expectations around the company's new offering, the Teucrium 2x Long Daily XRP ETF. $XRP Army: A dedicated "cult" When asked about who the new XRP ETF is for, Gilbertie was quick to say it's for the XRP community, dubbed as the XRP Army on X. "I think the XRP community, they really are a bit of a cult. They are dedicated people, and rightfully so," he said of one of the most active crypto communities in the space over the years. Explaining further on Teucrium's reasoning for launching an XRP ETF, he noted that there was "pent-up demand to tap into XRP in a more traditional, Wall Street wrapper." He also noted how the product was designed for traders who have a short-term view of the crypto asset's price movement, primarily those who have a "one day view." He went on to say that he expects a mix of institutional and retail investors adopting the token, but he expects that "sophisticated" traders will be interested in the product. Gilbertie blasts old SEC Aside from highlighting the dedication of the XRP community, Gilbertie also criticized the previous leadership at the U.S. Securities and Exchange Commission (SEC), calling the regulator under former SEC Chair Gary Gensler a "blocker." "They acted literally as a blocker. The leadership in the SEC worked against the crypto industry," he said. He did acknowledge the new leadership's openness to testing new products. "The staff is really wonderful at the SEC," he said, adding how the new administration under then Acting Chair Mark Uyeda approved the fund swiftly because Teucrium "followed the rules." "It's the leadership that matters," he said, explaining further how the new SEC who now has its official Chair Paul Atkins at the helm, knew when to raise issues regarding Teucrium's requests but also knew when to accept the investment adviser's reciprocal pushback. Teucrium believes in $XRP's potential Gilbertie also discussed how Teucrium views the XRP token, which was the native cryptocurrency of the XRP Ledger. The company doesn't want to make any price predictions, but it does believe that XRP "is a coin that will have the most utility out there," and it has "a true use case." When the CEO of Teucrium says $XRP has real utility and calls it the coin with the most use don't argue. You just listen.
Yahoo
15-04-2025
- Business
- Yahoo
Is This Latest Catalyst for XRP a New Reason to Buy It?
XRP (CRYPTO: XRP) is no stranger to catalysts big and small, as its holders know. And it just got another one that could imply good times ahead. But does this new development materially change its upside for investors, or is it a drop in the bucket? Let's check out what just happened and answer that question. On April 8, Teucrium Investment Advisors, an asset manager, introduced an exchange-traded fund (ETF) that offers investors leveraged exposure to XRP, a crypto designed to facilitate money transfers. That fund, the Teucrium 2x Long Daily XRP ETF, should not be confused with the ETFs currently under consideration by the Securities and Exchange Commission (SEC), which are not yet approved, and which offer investors spot exposure that's similar to holding the coin directly in their own wallet. This new ETF implies several things for XRP's merits as an investment. First, the new fund is notable because it suggests that there is demand for tools that let investors in traditional financial sectors get exposure to more-speculative and more-volatile formulations of XRP. Teucrium wouldn't be providing the fund otherwise. More importantly, the fund is a path for investors to still buy the coin even if they aren't willing to engage with the cryptocurrency sector using its native technology. So it could attract new capital that wouldn't otherwise be invested into XRP directly. Another factor is that there will be some added demand for XRP from Teucrium, assuming its ETF gains traction, because the manager needs to back the fund by holding the coin. That should result in a negligible increase to the coin's price over time. When paired with the future approval of other ETFs from other (and larger) asset managers, the total impact could be moderately positive. Lastly, the ETF is a vote of confidence that XRP isn't going away. Although XRP wasn't exactly in need of such a vote from an asset manager before, given that it's among the largest of cryptocurrencies, it's another point in favor of the idea that XRP already has social proof and widespread acceptance, which makes it incrementally less risky than before. There aren't any real downsides to the new ETF hitting the scene, at least not for those who hold XRP directly. So overall, it's a modestly bullish development. You don't need to go out and buy shares of this ETF if you already hold XRP. The fact that it's leveraged makes it inherently a bit too risky for most investors, not to mention being a much higher-maintenance asset in comparison to just buying and holding the coin itself. There simply isn't much reason to dabble here. Furthermore, the new ETF isn't a valid reason to go out and buy more XRP than you're comfortable with holding. Any price increases stemming from the new ETF will take some time to unfold, and you probably won't notice them if the other ETF-related catalysts occur, as those are likely to be much stronger. The fact that there aren't any new risks being introduced means this is a sweetener, but it doesn't change the fundamental investment thesis for buying XRP, nor does it reduce the coin's volatility or its exposure to other risks. Therefore, overall, if you don't do anything in response to the new fund, you're not going to be missing out on much. If you're already holding XRP and looking for an excuse to buy some more, there are still probably going to be better reasons coming along fairly soon. But there's no rule that says you can't take the opportunity today and then buy more later. Just remember that there's not much point in making an additional investment in the coin if you're going to sell it before a minor catalyst like the new ETF can exert its full impact over time. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $495,226!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $679,900!* Now, it's worth noting Stock Advisor's total average return is 796% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy. Is This Latest Catalyst for XRP a New Reason to Buy It? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
First XRP ETF in the U.S. to Go Live on Tuesday With Launch of Teucrium's Leveraged Fund
Teucrium Investment Advisors will debut the first-ever XRP exchange-traded fund (ETF) in the U.S. The Teucrium 2x Long Daily XRP ETF (XXRP) give investors a 2x leveraged exposure to the closely related Ripple token. XXRP will start trading on the NYSE Arca on Tuesday even before a standard "spot" XRP ETF has been approved by regulators. 'Very odd (maybe a first) that a new asset's first ETF is leveraged. Spot XRP still not approved, although our odds are pretty high,' Bloomberg Intelligence analyst Eric Balchunas said in an X post. Typically, ETFs tracking emerging assets like cryptocurrencies begin with unleveraged "spot" funds — those that directly hold the underlying asset — before more complex leveraged products are introduced. Teucrium will charge a management fee of 1.85%. The firm cautioned that XRP's price volatility and declining usage on the Ripple network could pose challenges to the fund's performance, reflecting broader concerns about the token's adoption and market stability. Teucrium's leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review. Major fund managers, including WisdomTree, Bitwise, 21Shares, Canary Capital, and Franklin Templeton, have filed proposals to bring unleveraged XRP ETFs to market. The SEC has previously acknowledged these applications, and decisions expected in the coming months could pave the way for additional XRP investment options. XRP is up 6.5% in the past 24 hours, in line with a broader market move higher. CORRECT (April 8, 14:27 UTC): Adds dropped words in ETF's name in second paragraph.
