According to @EleanorTerrett, the Teucrium XRP ETF holds Treasuries, cash, and swap receivables and was registered under the Investment Company Act of 1940, so the SEC did not need to actively approve it and simply allowed it to go effective, source: @EleanorTerrett. According to @EleanorTerrett, the SEC generally lets futures ETFs become effective once the statutory period passes without requiring a new, active approval each time, source: @EleanorTerrett. According to @EleanorTerrett, spot crypto ETFs are structured as commodity trusts under the Securities Act of 1933 and require explicit SEC approval before launch via S-1 effectiveness, source: @EleanorTerrett. According to @EleanorTerrett, any new spot crypto ETFs for LTC, SOL, and XRP will not begin trading until the SEC can declare their S-1s effective, likely after the government shutdown ends and the agency returns to full capacity, source: @EleanorTerrett. According to @EleanorTerrett, for traders this means the near-term catalyst for LTC, SOL, and XRP exposure is the S-1 effectiveness date rather than a 40 Act automatic effectiveness, with timing dependent on SEC operational status, source: @EleanorTerrett.

According to @EleanorTerrett, the REX-Osprey XRPR ETF will launch this week and is structured as a spot product in an Investment Company Act of 1940 wrapper that holds real XRP alongside cash, U.S. Treasuries, and some derivatives (source: X post by @EleanorTerrett on Sep 15, 2025; X post by @REXShares). According to @EleanorTerrett, it is described as a spot ETF with extras and as more regulated than traditional spot products, which defines the product’s exposure mix and regulatory profile for traders evaluating XRP-based instruments (source: X post by @EleanorTerrett on Sep 15, 2025).

According to @EricBalchunas, Rex has filed for a BNB Staking ETF under the Investment Company Act of 1940, signaling a regulated ETF wrapper focused on BNB staking exposure (source: Eric Balchunas on X, Aug 26, 2025). The post notes the structure is similar to an ETF with ticker SSK, highlighting a comparable approach to staking-related exposure (source: Eric Balchunas on X, Aug 26, 2025). The post does not provide a ticker, fee details, or a launch timeline, indicating that specifics remain undisclosed at this stage (source: Eric Balchunas on X, Aug 26, 2025).