Eleanor Terrett Clarifies The Approval Process For Spot ETFs

• The U.S. SEC has continued to receive more new spot crypto ETFs following its adoption of generic listing standards.
• The spot XRP ETFs must wait for the final node from the SEC to list and trade, thus subject to the ongoing government shutdown. 
• The Teucrium 2x Long Daily XRP ETF was registered under the Investment Company Act of 1940, thus not requiring approval from the SEC.

The spot crypto exchange-traded funds (ETFs) must wait for the final approval from the United States Securities and Exchange Commission (SEC). Market reporter Eleanor Terrett clarified that the final node of spot ETF must come from the SEC’s Division of Corporation Finance.

Will Spot XRP ETF Start Trading Like Teucrium’s?

The simple answer is no.

Unlike futures ETFs, the spot ETF products need an active approval process from the SEC. Terrett was responding to a statement from an X u…

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