The post XRP ETF Update: Teucrium CEO Says XRP Has More Utility Than Bitcoin appeared first on Coinpedia Fintech News
XRP News Today, April 24th: XRP Price is back in the spotlight today, surging 4.46% in the last 24 hours to reach $2.24. Trading volume has skyrocketed by 124%, hitting $5.92 billion—a sign that investor interest is heating up. However, the rally hit a speed bump at the $2.30 mark, prompting a minor pullback of $0.06.
Amid the price action, a key question has emerged across the crypto market: Is XRP going to go up from here?
The rally coincides with a significant development in the financial markets. Asset manager Teucrium has launched the first-ever XRP ETF in the United States, offering leveraged exposure to the cryptocurrency.
XRP ETF Momentum Accelerates
According to Bloomberg’s Eric Balchunas, the ETF ranks in the top 5% of new fund launches by trading volume. Teucrium CEO Sal Gilbertie described the response as “terrific” and made a bold comparison, stating that XRP has more real-world utility than Bitcoin, which he views as primarily a store of value. Gilbertie also commended Ripple’s professionalism and highlighted XRP’s growing relevance in global finance.
Ripple’s partnership with Hidden Road is expected to further enhance XRP’s institutional appeal. Once regulatory approval is granted, Hidden Road will begin using the XRP Ledger for post-trade clearing operations, demonstrating its ability to handle large-scale financial transactions efficiently.
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Meanwhile, data analytics firm Kaiko noted that the success of Teucrium’s ETF could give XRP an early advantage in the race toward a spot XRP ETF. With strong trading activity and increased interest from institutional investors, XRP is gaining traction not just as a speculative asset but as one with long-term utility.
Regulatory Shift Boosts XRP ETF Hopes
Adding to the optimistic outlook is a major shift in the regulatory environment. With Paul Atkins now serving as SEC Chair, replacing Gary Gensler, there is renewed hope for a more favorable stance on digital assets. The conclusion of the Ripple vs SEC lawsuit has further cleared the path, and market watchers are now closely monitoring signs of potential ETF approvals.Backed by growing utility, rising institutional interest, and a regulatory landscape that appears more accommodating, XRP is showing strong signs of momentum. While short-term resistance remains, the broader outlook has improved significantly, bringing new attention to whether XRP is poised for further gains in the coming weeks.
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