The post ‘Hundreds of Millions of Dollars Have Come In’: Sal Gilbertie Says XRP Is Teucrium’s Top Performer appeared first on Coinpedia Fintech News
XRP is starting to turn heads once again, and some financial experts say it could soon be seen as a reliable store of value, much like Bitcoin. Sal Gilbertie, CEO of Teucrium Trading, recently spoke about XRP. He said the company has made massive profits from XRP and said that it could become an important player in the next phase of the crypto market.
Is XRP the Most Successful Fund?
Teucrium Trading recently launched the first 2x leveraged XRP ETF in the US, called the Teucrium 2x Long Daily XRP ETF (XXRP). According to the company’s president, it has been a big success.
Gilbertie said in an interview with CNBC, “There’s enormous interest in XRP. They call it the XRP army, and I realized they call it that for a reason. We launched this fund. It will be 16 weeks tomorrow, and the money that’s come in is quite extraordinary.”
“Hundreds of millions of dollars have come in. It is our most successful fund. We’re sixteen years old today, when I incorporated the company coincidentally. And we’ve never seen a response like that,” he added.
XRP A Big Hit?
XRP is attracting more investor interest thanks to better infrastructure and strong blockchain technology. Its price has jumped over 50% in the past month. This upward trend could continue, with XRP possibly reaching $3.65 to $4 or even higher soon.
The President of Teucrium Trading also said that crypto will help investors gain great wealth, as companies are looking forward to using any crypto that comes next.
Additionally, Gilbertie said, “I’m an XRP enthusiast and when I saw the opportunity to file and get it approved and really not holding XRP itself, but holding the derivatives so that we could leverage it and give investors what they want. They clearly want some leverage. We got a great ticker, double XRP, XCP, and took it off. It was a big hit immediately right out the door.”