Teucrium Files for Flare ETF With SEC As FXRP Minting Exceeds $120 Million and DeFi Activity Hits...

Teucrium files for a Flare ETF as network activity and FXRP minting hit record levels.

Flare Network sees $120 million in FXRP minted, showing rising demand in decentralized finance.

FLR token faces price pressure even as Flare’s DeFi ecosystem and total value locked expand.

Teucrium Trading LLC has applied to the U.S. Securities and Exchange Commission (SEC) to have a Flare Network Exchange-Traded Fund (ETF). The submission indicates increased institutional demand for blockchain-based investment vehicles. The SEC has yet to validate the facts, and the inspection is still ongoing.

The filing follows Teucrium’s earlier success in launching the first leveraged XRP ETF in the United States. Industry observers believe approval of the new ETF would mark an important development for Flare. The company’s reputation in regulated commodity and crypto-linked products adds further weight to the submission.

Flare Network Sees Strong On-Chain Growth

The ETF proposal comes as the Flare Network experiences rapid expansion in its decentralized finance (DeFi) ecosystem. Flare recently launched FXRP, enabling XRP holders to access DeFi for lending, staking, and liquidity through a non-custodial system. Data shows that the minting of FXRP tokens, which represent wrapped XRP, has exceeded $120 million since its September debut. This surge reflects increased demand for decentralized access to Ripple assets

Through the FAssets system, users can convert XRP into equivalent ERC-20 tokens. These can then be used across various DeFi protocols for lending, liquidity provision, and yield generation. The process allows XRP holders to engage in decentralized finance while maintaining exposure to Ripple’s value.

Flare’s total value locked (TVL) has climbed nearly 38% in just over a month. Much of this growth comes from liquidity migration by XRP holders exploring new DeFi opportunities.

Rising Demand and Expanding Ecosystem

Research firm Messari reported that demand for FXRP has remained strong since launch. The first minting cap of 5 million tokens was filled within hours. A later limit of fifteen million tokens was also reached quickly. This shows continued momentum across the network’s growing user base.

Flare’s technology stack, including the Flare Time Series Oracle and Flare Data Connector, supports decentralized data feeds and trustless bridging. These systems facilitate the smooth interoperability of non-smart-contract assets and DeFi networks. Last year, Flare and Red Date Technology launched a new pilot program in Hong Kong, enabling Mainland Chinese visitors to access stablecoin services securely and privately.

Even though it has been on the rise, the native token of the network, FLR, has failed to retain its value. Market statistics indicate that FLR is trading at close to $0.016, or 38% lower than it was one month ago.

Regulatory Review and Market Outlook

The SEC has yet to disclose whether the ETF will hold FLR directly or use derivatives for exposure. Approval typically involves an S-1 registration under the Securities Act of 1933, followed by an exchange rule change.

Teucrium’s application highlights increased institutional attention on regulated crypto investment vehicles. While the ETF awaits review, Flare’s expanding ecosystem continues to attract both retail and institutional users through growing on-chain activity and liquidity participation.