The crypto market is active as the Teucrium XRP ETF went live, despite the US Securities and Exchange Commission (SEC) entering a government shutdown on October 1. During the shutdown, the SEC is handling only emergency matters, leaving routine approvals, including ETF listings, on hold.
How did the XRP ETF launch without formal approval? One expert explained that the Teucrium XRP ETF wasn’t explicitly approved by the SEC. Instead, he noted that “silence is compliance,” meaning the ETF went live automatically after reaching its regulatory deadline.
Hows and Whys Explained
Crypto journalist Eleanor Terrett clarified that the Teucrium 2x Long Daily XRP ETF is registered under the Investment Company Act of 1940. Since the fund holds Treasuries, cash, and swap receivables, it did not require formal SEC approval to start trading.
Terrett wrote on X, “Spot ETFs, though, are registered under the 33 Act as commodity trusts and DO require explicit SEC approval before launching.”
“So any new spot crypto ETFs ($LTC, $SOL, $XRP) won’t begin trading until the SEC can declare the S‑1s effective, likely after the government shutdown is over and the agency has returned to operating at full capacity,” she added.
This situation shows how regulatory deadlines can allow financial products to launch while the SEC is temporarily inactive. Investors now have access to the Teucrium XRP ETF, even as the market considers whether it counts as official approval.
Crypto ETFs Awaiting SEC Approval in October
In the upcoming weeks, the SEC will reach its final deadline for the following ETFs:
Grayscale Spot XRP ETF: October 18
21Shares XRP ETF: October 19
Bitwise Spot XRP ETF: October 20
Canary Capital XRP ETF: October 23
WisdomTree XRP ETF: October 24
CoinShares XRP ETF: October 25
Canary Litecoin ETF: October 2 (missed deadline amid SEC shutdown)
Grayscale Litecoin Trust: October 10
CoinShares Litecoin ETF: October 23
Grayscale Solana Trust: October 10
VanEck Solana Trust: October 16
21Shares Solana ETF: October 16
Canary Solana ETF: October 16
Bitwise Solana ETF: October 16
Grayscale’s Cardano ETF: October 26
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