Major ETF Issuer CEO Predicts Highest Utility for XRP
Read the latest XRP news on Google News, as Sal Gilbertie, CEO of Teucrium, shared his bullish stance on XRP during a recent Bloomberg appearance. He believes that XRP, over other cryptocurrencies like Bitcoin, will have the most utility.
According to Gilbertie, "XRP is a coin that will have the most utility out there...It has a true use case." He also praised Ripple's team as "really professional people," emphasizing that XRP isn't just a speculative investment but serves a real purpose with its practical applications.
Teucrium, led by Gilbertie, made waves earlier this month by launching the U.S.'s first XRP ETF, offering leveraged exposure to Ripple-linked altcoin. The product garnered a "terrific" response, with impressive trading volumes, hinting at growing institutional recognition of XRP's potential.
Kaiko, a leading digital asset data provider, identified the successful debut of Teucrium's XRP ETF as one of the key reasons why XRP might have an edge in the ongoing spot ETF race. With Bitcoin being primarily seen as a store of value, XRP's practical applications could make it a significant player in the crypto space.
This positive outlook on XRP's utility and potential aligns with analyst predictions that XRP could outperform Bitcoin in 2025, potentially leading to significant market movements. However, Ripple, the company behind XRP, has confirmed that it won't go public in 2025, opting for a different strategic path. Nevertheless, Gilbertie's endorsement underscores XRP's increasing credibility and utility within the financial sector.
[1] Sal Gilbertie - https://ca.finance.yahoo.com/video/ripple-mars-crypto-new-innovation-114658276.html[2] Analyst Predictions - https://cointelegraph.com/news/asx-cryptos-ripple-xrp-and-apenFT-set-to-launch-in-australia[3] BitIRA Coverage - https://www.bitira.com/teucrium-xrp-etf-stands-out-from-the-competition/[4] Ripple - https://ripple.com/insights/ripple-announces-the-hold-ripple-decision-board-which-aims-to-run-the-company-as-a-perpetual-community-driven-treasury/
- Sal Gilbertie, CEO of Teucrium, expressed his bullish sentiment on XRP during a Bloomberg interview, stating that it has the most utility among cryptocurrencies such as Bitcoin.
- Teucrium recently launched the U.S.'s first XRP ETF, offering leveraged exposure to Ripple-linked altcoin, which has received a terrific response with impressive trading volumes.
- Kaiko, a leading digital asset data provider, identified Teucrium's successful XRP ETF debut as one of the key reasons why XRP might gain an edge in the ongoing spot ETF race.
- With Bitcoin primarily viewed as a store of value, XRP's practical applications could make it a significant player in the crypto space, aligning with analyst predictions that XRP could outperform Bitcoin in 2025.
- Ripple, the company behind XRP, has announced it won't go public in 2025, opting for a different strategic path, but Gilbertie's endorsement underscores XRP's increasing credibility and utility within the financial sector.
- For those interested in the latest crypto news, keeping an eye on XRP's development, trading, and financial events could provide valuable insights into its potential growth in the future.
