Teucrium CEO Sal Gilbertie has publicly highlighted the utility of the XRP token, calling it the cryptocurrency with the highest level of practical use. The statement comes shortly after the investment firm launched what it claims to be the first exchange-traded fund (ETF) linked to XRP.

Meanwhile, the XRPUSD H1 chart indicates a strong bullish move after the price found support at 2.07000. It broke above the recent swing high at 2.14000 and briefly consolidated at that level. The upward momentum then continued, with the price currently trading near 2.30000. A breakout above this level could open the path toward 2.50000 in the near term.

XRP Chosen Over Bitcoin for Utility

In a recent interview with Bloomberg, Gilbertie outlined his reasons for selecting XRP as the focus of the new ETF. He pointed to the token’s role in real-world transactions and its established developer ecosystem. “We chose XRP because we believe it’s the coin with the most utility,” he said. “It’s not just speculation; it facilitates real transactions.”

As reported by Coingape, Gilbertie also drew a distinction between XRP and Bitcoin. He described Bitcoin as a store of value, while characterizing XRP as a tool for transferring value. “Bitcoin is a store of value, and that’s valid. But XRP has a real use case,” he added.

XRPUSD, H1 Chart, Source: TradingView
XRPUSD, H1 Chart, Source: TradingView

You may find it interesting at FinanceMagnates.com: Ripple Backs Asia’s First XRP Tracker Fund Launched by HashKey Capital.

Ripple’s Hidden Road Deal Supports Tokenization

Following the ETF launch, Gilbertie expressed continued support for both XRP and the team behind it. He described Ripple, the company associated with XRP, as a group of professionals committed to building long-term solutions.

He also commented on Ripple’s recent acquisition of the broker-dealer Hidden Road. Gilbertie called the move a step toward bridging the gap between traditional finance and decentralized finance. He said the deal could support a broader trend toward tokenization in the financial sector.

Source: Finance Magnates