CEO Explains Why XRP is Chosen for First Spot-Based ETF

The launch of the first XRP-focused exchange-traded fund (ETF) in the U.S., brought attention to the cryptocurrency’s utility and role within the financial landscape. Sal Gilbertie, CEO of Teucrium Investment Advisors, the company behind this innovative product, explained to Bloomberg why XRP was chosen for this specific ETF. Gilbertie emphasized that XRP stands out as a cryptocurrency with real-world functionality, highlighting its unique value proposition and strong development backing. He stated that the choice stemmed from the belief that XRP serves as a practical tool for facilitating transactions compared to other cryptocurrencies.