- Teucrium launched the first XRP ETF, pulling $5.3 million on day one, signaling strong investor interest despite market conditions.
- Sal Gilbertie emphasized XRP’s real-world utility and Ripple’s experienced team, positioning it as more than a speculative crypto asset.
XRP is under the spotlight as Teucrium launched the first-ever XRP ETF, calling it the most useful coin in the market. Under the charge of Sal Gilbertie, the firm has made a strong entry into the market. Teucrium pulled in $5.3 million in turnover on the first day of ETF trading, even in the middle of a bearish market.
Speaking to Bloomberg after the ETF debut, Gilbertie didn’t mince words on why his firm chose XRP.
We chose XRP because we believe it’s the coin with the most utility. It’s not just speculation; it facilitates real transactions. Ripple is a team of true professionals,
Gilbertie’s comparison between XRP and Bitcoin drew a clear line between the two. While Bitcoin often dominates headlines as a digital store of value, Teucrium’s head emphasized a functional edge for Ripple. “Bitcoin is a store of value, and that’s valid. But XRP has a real use case,” he added. For investors looking beyond long-term holding, this was a nod to XRP’s potential for day-to-day finance.
Institutional Confidence Meets Ripple’s Momentum
Beyond the coin itself, Gilbertie highlighted the Ripple team’s experience as a standout factor. In his words:
They know what they’re doing, and they will make this work.
His comment was rooted in more than optimism. Ripple’s acquisition of the broker-dealer Hidden Road, for instance, was marked as a milestone in blending traditional and decentralized finance—a direction Teucrium appears ready to support.
Sal’s comments on Ripple’s leadership were consistent: he sees them as professionals reshaping the structure of financial interaction. He noted, “Ripple is a team of true professionals,” and went on to say the organization reminded him of investment bankers for their clarity of mission and long-term discipline.
On Teucrium’s end, the excitement hasn’t cooled since the ETF launch. The company is now eyeing expansion, having already filed for an inverse product. As Gilbertie stated:
We don’t launch funds unless we truly believe in the asset. We believe in XRP. Its use case is proven—it just needs to expand.
XRP’s Utility Surges Beyond Hype
The broader vision for XRP, according to Gilbertie, is tied to a world where tokenization is the norm. He believes both Ripple and XRP are playing key roles in driving that shift. From facilitating cross-border value transfers to stepping into institutional-grade finance, XRP is already breaking out of speculative narratives.
Gilbertie also stressed XRP’s dual purpose—as both a tradable asset and a real-world transaction tool—which he sees as a rare combination in crypto. Its ability to function practically in financial systems positions it as a candidate for lasting relevance.
All told, Teucrium’s backing and the numbers that followed in its ETF’s first week send a strong signal. In an industry where flashy tokens come and go, XRP’s solid foundation and visible use case appear to be attracting a different kind of attention—one rooted in real demand and experienced leadership.
