CEO Teucrim had a “great response” on the release date for the first US trading XRP ETF.

According to Teucrium CEO Sal Gilbertie, the first US XRP Exchange-Traded Fund (ETF) recorded a “great response” on the first day.

We'll talk about the Crypto Prime Podcast, Gilbertie It was called debut The most successful ETF launch to date in terms of Teucrium's first day activities.

The New York Stock Exchange (NYSE) has approved a list of new exchange trading funds related to XRP. Teucrium Double-length Daily XRP ETF (XXRP) will be released on April 8th and is designed to deliver twice the daily performance of XRP through swap agreements.

Gilberty said the fund's registration was done little by little at first, as it was the only XRPETF to file with the ticker.

The approval process began shortly after the change in the Securities and Exchange Commission (SEC) leadership, which Gilberty described as a shift towards a more constructive regulatory stance on crypto.

Product structure targets active traders

The ETF is designed as a double leveraged trading device with daily resets. Gilbertie said the fund is not intended as a long-term vehicle, and warned that the combined effects inherent in leveraged everyday measurement products could lead to loss of value in a sideways or slow-moving market.

Gilberty said the fund is intended for bullish, offensive traders in XRP, but cannot be utilized via traditional margin accounts. Unlike Spot Crypto ETFs, XXRP does not retain the assets themselves and instead tracks XRP's daily performance through derivatives.

He added that retail investors on platforms like Robinhood will be able to access leveraged exposures via ETF wrappers without the operation or regulatory requirements of margin accounts.

A potential reverse product has also been submitted, but Teucrium has chosen not to launch it immediately while monitoring the investor's appetite.

The company is opening up expanding its crypto ETF offering if it aligns with its strategy of meeting investors' needs and providing specialized tools through regulated structures.

Regulation conditions and timing

Gilberty emphasized that the launch continued following the expiration date of the mandatory validity window, calculated from the time of application under the Securities Act of 1933.

He attributed successful registration and approval to procedural consistency and compliance with rules implemented under the new SEC system. He added that previous leadership was more hostile to crypto-related applications, discouraging innovation and introducing regulatory uncertainty.

Teucrium was one of the first companies to file a Bitcoin (BTC) ETF, but was forced to withdraw its application under SEC pressure. It was later refilled when the Bitcoin futures market matured.

Gilberty said the company's role in establishing a precedent for cryptographic ETFs also formed the basis for legal debate in subsequent ETF litigation.

Currently, XRP ETFs are gaining exposure to their assets through swaps related to products traded on the European List XRP Exchange. Gilberty said it will consider alternative equipment that includes futures if Teucrium becomes available.

The ETF design allows for exposure to equipment with XRP-related price actions based on what is most efficient in terms of liquidity and cost.

XRP outlook

Gilbertie expressed personal support for XRP, citing the usefulness of promoting rapid cross-border payments and recruitment by agencies building infrastructure for nearby settlements.

He referenced Ripple Recent acquisitions of Hidden Road He said it could enable integrated prime brokerage services that reduce the timeline of traditional financial settlements.

Gilbertie describes XRP as a “tool” rather than a valuable store like Bitcoin, in contrast to its role as a transaction protocol with BTC's capabilities as Digital Gold. He said XRP is well distributed, operated within a regulatory framework and supported by teams committed to compliance.

Teucrium's ETF structure provides a regulated entry point for exposure to assets. At the same time, Gilbertie believes that XRP and similar protocols will increasingly function as infrastructure for faster financial settlements in capital markets.

Gilbertie concluded that while Bitcoin should be considered a portfolio stabilizer and a long-term storage of value, other networks such as XRP and Ethereum (ETH) and Solana (SOL) should be evaluated as a technology platform.

He said the ETF launch reflects both a mature regulatory environment and a growing interest in diversified crypto investment equipment.

It is mentioned in this article