Ripple-News: Thanks to ETFs, experts sees as a crypto project with the best benefit
- Teucrium relies on the concrete benefit of XRP and launches the first leverage XRP-ETF.
- CEO Gilbertie praises the vision of Ripple to merge traditional finance with decentralized systems.
Teucrium CEO Sal Gilbertie calls XRP the cryptocurrency with the best benefit and justifies this with its functionality in practice and its development. His statement was carried out after the very first XRP ETFs were introduced. Gilbertie emphasized the role of XRP in real financial applications and distinguished it from speculative tokens. This is particularly the increasing integration of XRP into traditional finance through ripplles strategic takeovers and product innovations.
XRP is functional asset
In an interview with Bloomberg, Gilbertie explained the decision of Teucrium to support XRP with an elevated ETF). He explained that XRP is characterized by its real benefits and the professionalism of Ripple’s development team:
“We chose XRP because we believe that it is the cryptocurrency with the greatest benefit. It is not only speculation, but also enables real transactions.”
When comparing XRP with Bitcoin, Gilbertie explained that Bitcoin serves as a value -plot, while XRP offers a functional application for the transfer of values. He said that the main strength of XRP is in the enabling of transactions and not in the value storage, which means that it is easier to use in the daily financial transaction.
Gilbertie also dealt with the benefit -oriented character of the new 2x Leveraged XRP ETF from Teucrium. The fund is intended for short-term traders who want to benefit from the daily price movements without using a margin account.
According to Gilbertie, the demand for the product is already considerable, making more than six million XRP wallets as evidence. He made it clear that the ETF aims at demanding private customers and institutional investors.
The ripple strategy: bridge between tradfi and defi
In addition to the ETF start, Gilbertie spoke about Ripple’s more comprehensive mission to change the financial system. He pointed out the recent takeover of Hidden Road as a big step to bring decentralized finances into traditional systems. Ripple’s vision is the “tokenization of everything” and that means a more networked financial system. Gilbertie says that this doesn’t happen overnight, but it is a better future. Ripple build on an immediate effect, but also lay the foundation for long -term systemic change.
With regard to the regulation, Gilbertie said that the Teucrium XRP-ETF was only possible due to the changed dynamics at the Sec. He attributed the change to the new tour and said that the previous administration blocked crypto innovations.
“The old SEC lead was a blocker of crypto innovations. But the current SEC is open-minded.”
With a view to the future, Teucrium has applied for an inverse XRP product and expands its crypto-bound products. The levered ETF had a volume of over $ 5.3 million in a bear market on the first trading day. This shows great interest from investors. Gilbertie concluded with the statement:
“We do not put any funds if we do not believe in the asset. We believe in XRP. The application is proven, it just has to be scaled.”
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