Latest news with #TeucriumTrading
Yahoo
31-07-2025
- Business
- Yahoo
Take Note XRP Traders: This Leveraged ETF Is 'Designed To Be Traded Each Day'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sal Gilbertie, President of Teucrium Trading on Monday outlined the growing momentum behind cryptocurrency ETFs, especially those beyond Bitcoin (CRYPTO: BTC). What Happened: Speaking with CNBC, Gilbertie emphasized that regulatory openness and surging investor interest are accelerating the arrival of new, specialized crypto funds. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA With regards to the success of Teucrium's newly launched double-leveraged XRP (CRYPTO: XRP) fund, Gilbertie said, "We very much suspect that and knew, I will say, that there was demand for XRP and demand for treatable XRP product where people could get aggressive." Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— The product, listed as (NYSE:XXRP), offers double exposure to XRP through derivatives and has drawn significant interest from traders seeking short-term, high-volatility instruments. Gilbertie clarified that this product is "not designed to be bought and held at all. It's designed to be traded each day," stressing that leveraged ETFs like XXRP are meant strictly for active, daily traders. He contrasted this with unlevered crypto ETFs, which he says are more appropriate for long-term allocators: "Think allocators and people who want a steady exposure in their portfolio to crypto should do an unlevered fund." The shift in Washington's regulatory attitude was also a focal point. Gilbertie acknowledged that the process for listing new ETFs remains rigorous but added, "It's a completely different environment in Washington right now. It's more friendly. It's more welcoming towards innovation, especially in crypto."Why It Matters: Despite the rising sophistication of ETF investors, Gilbertie believes education remains essential. "I think we're getting there. I think that people are becoming more savvy. I think savvy enough. I'm not sure anybody will ever be savvy enough," he said. As crypto derivatives mature, Gilbertie hinted at more innovation on the horizon, though he noted that new products require "a lot more work involved on a literally an hourly basis" due to liquidity and infrastructure challenges compared to traditional commodities like grain. The conversation reflects a broader industry trend toward crypto ETF experimentation, facilitated by both investor demand and a shifting regulatory climate that is beginning to favor innovation over restriction. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Take Note XRP Traders: This Leveraged ETF Is 'Designed To Be Traded Each Day' originally appeared on
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.
Yahoo
22-05-2025
- Business
- Yahoo
Volatility Shares Launches First 1x XRP Futures ETF
On Thursday, Volatility Shares launched the XRP ETF (XRPI), which offers investors one-to-one exposure (1x) to the price movement of XRP, the fourth-largest cryptocurrency by market cap. This is the first-ever XRP futures ETF, according to Eric Balchunas, senior Bloomberg ETF analyst: 'Yes there is a 2x XRP already on market (this is first 1x),' he wrote in an X post. Volatility Shares also launched the 2x XRP ETF (XRPT) Thursday. Both ETFs give investors exposure to XRP's price movements without the need to hold the underlying cryptocurrency directly. 'These launches reflect our focus on making digital asset exposure more accessible to traditional investors. When we see over 1.2 million monthly searches for 'XRP price,' it tells us people want in, but many potential investors find the technical barriers to crypto investing challenging,' Justin Young, CEO of Volatility Shares, told in a written statement. 'Our futures-based ETFs address this by eliminating the need for crypto wallets, exchanges and complex tax reporting—essentially making digital asset exposure as straightforward as buying any other security in your portfolio.' He added that although the ETFs don't invest in the crypto assets directly, they are a 'foot-in-the-door' that many investors find more approachable than direct crypto ownership. The net expense ratios for both funds is 0.94%. The launches come as ETF issuers are jostling to debut futures and spot crypto ETFs. Teucrium Trading launched the Teucrium 2x Long Daily XRP ETF (XXRP) in April—the first time a leveraged cryptocurrency product introduced a new crypto subcategory to the ETF market. ProShares is also planning to launch an Ultra XRP ETF seeking 2x leverage, a Short XRP ETF seeking -1x leverage and an UltraShort XRP ETF seeking -2x leverage, according to a recent | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
