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The launch of the first XRP exchange-traded fund (ETF) has turned into one of the fastest-growing ETF stories in recent years, according to Sal Gilbertie, CEO of Teucrium Trading.
In an interview with Zach Rector, Gilbertie said bringing the first XRP-linked ETF to market felt especially meaningful because of his long background in commodities and derivatives. While he has followed Bitcoin for years, he said XRP is one of the few digital assets he understands deeply, making it a natural choice for an ETF product.
Being first mattered. Gilbertie said in the ETF world, early launches often dominate, especially when paired with a strong ticker name. In this case, “XXRP” clearly signaled double exposure to XRP, helping it stand out immediately.
$500 Million in Just 12 Weeks
The response exceeded expectations. Gilbertie revealed that the XRP ETF crossed $500 million in assets under management in just 12 weeks.
To put that into context, most ETFs aim to reach $25 million in assets, and only about 1% achieve that milestone within a year. Teucrium’s XRP ETF reached twenty times that level in just three months.
Gilbertie credited the XRP community for the rapid growth, describing it as one of the most passionate investor bases in crypto.
Why XRP ETFs May Be Just Getting Started
Despite recent price weakness in XRP, Gilbertie says the broader ETF story is only beginning. He said cumulative XRP ETF assets are currently around $1.2–$1.3 billion, which he sees as a small fraction of what is possible.
He expects demand to rise further once clearer U.S. crypto regulations arrive, especially with legislation focused on defining digital asset use cases.
In his view, XRP stands apart because it serves a real purpose in payments. While he described Bitcoin as “digital gold,” he said assets with clear utility, including XRP, Ethereum and Solana, are more likely to earn a permanent place in investor portfolios.
“This Is Just the Tip of the Iceberg”
Gilbertie says XRP ETFs could attract several billion dollars in their first full year, in line with forecasts from major financial institutions.
For now, he says the success of the first XRP ETF sends a clear message: when traditional finance meets a strong crypto use case, investor interest can move faster than expected.