“We are very excited by this investment in Teucrium and see it not only as an endorsement of our business model but also as a reflection of surging interest in next-generation commodity ETPs,” said Sal Gilbertie, president of Teucrium Trading.
Matt Culler, principal at Sun Mountain, added: “Sun Mountain is excited to be supporting an innovative and unique company like Teucrium Trading. As a provider of single-commodity exchange-traded products, we believe that Teucrium’s fund offerings will continue to gain market traction and deliver previously unavailable trading strategies to a marketplace eager for commodities exposure.”
Teucrium also expects to receive listing approval for two new ETPs, the Teucrium Soybean Fund and the Teucrium Sugar Fund, by the end of the summer.
