With this move, XRP joins CME’s crypto offerings, which include Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) futures.
Apart from CME’s XRP move, there was another major move that paved the way for the spot XRP ETF.
Accordingly, the first XRP ETF launched in the US at the beginning of April. Teucrium Investment Advisors, an independent ETF issuer, launched a 2x leveraged XRP ETF on NYSE Arca on April 8.
Related News: Attention Ripple Investors! A First for XRP Will Happen in the US Today!
While these moves bring us one step closer to the spot XRP ETF, Teucrium CEO Sal Gilbertie spoke about XRP ETFs.
Speaking to CNBC, Gilbertie said that XRP ETFs have been a huge success and the company has made huge profits from XRP.
At this point, the CEO stated that XRP could be a major player in the next phase of the cryptocurrency market.
“There is tremendous interest in XRP.
They call it the XRP army, and I realized there was a reason for that. Then we launched the XRP fund.
It will be 16 weeks tomorrow and the money coming in is truly phenomenal.
Hundreds of millions of dollars have come into the company, including XRP funding. This is our most successful fund. And we’ve never seen a response like this before.”
Gilbertie also stated that he is personally a big supporter of XRP, saying, “I’m an XRP enthusiast, and when I saw the opportunity to apply and get it approved, I saw the opportunity to leverage and give investors what they wanted by holding derivatives, not XRP itself. They clearly wanted some leverage. Then we launched it, and it immediately got a lot of interest.”
*This is not investment advice.
Continue Reading: Ripple’s Unprecedented Success! CEO of the Giant US Company Announces: “Our Company’s Best Product is XRP!”
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Author: NixCoin
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