Teucrium CEO Sal Gilbertie says investor demand for XRP has been “enormous,” with the firm’s leveraged XRP ETF drawing hundreds of millions in inflows within weeks of launch.

Speaking on CNBC’s ETF Edge, Gilbertie credited the “XRP Army” for fueling the fund’s early traction, describing the response as “extraordinary” and calling it Teucrium’s most successful product debut to date.

“Hundreds of millions of dollars arrived in about 16 weeks,” Gilbertie said, adding that while he personally supports XRP, the broader opportunity for investors lies in backing companies that integrate blockchain technology—comparing today’s environment to the internet’s rapid expansion in the 1990s.

Asked whether he expects a wider wave of crypto-linked ETFs, Gilbertie was confident: “There’s no question—it’s coming.”

Launched on April 8, 2025, and listed on NYSE Arca, the Teucrium 2x Long Daily XRP ETF (XXRP) aims to deliver twice XRP’s daily price movement without holding the token directly. The fund achieves this through total return swaps with major financial institutions and, when necessary, cash-settled XRP futures contracts.

According to its fact sheet, XXRP’s design targets 2x daily performance before fees and expenses, but not over longer periods. The fund warns that compounding and volatility can cause multi-day returns to deviate sharply from its stated multiple, with potential losses even in flat or rising markets. Risks also include leverage exposure, swap counterparty risk, liquidity constraints, and ETF trading frictions such as premiums or discounts.

At 12:55 p.m. London time on Oct. 26, XRP traded at $2.64, up 2.2% over 24 hours and 26% year-to-date, according to CoinDesk data. Meanwhile, per Yahoo Finance, Teucrium’s XXRP ETF closed Friday at $22.90, up 7.06% on the day but down 15.03% year-to-date.