Social media buzz has spread rumors about the SEC automatically approving cryptocurrency ETFs, including an XRP spot ETF from Teucrium. This claim emerged amidst the US government shutdown and sparked significant discussion. However, prominent journalist Eleanor Terrett clarified that these claims are inaccurate. According to Terrett, Teucrium’s XRP ETF operates differently than many other ETFs due to its structure tied to Treasury bonds, cash, and derivative receivables. These features mean that the product doesn’t require direct SEC approval; once the application period ends, it automatically becomes operational. This process differs from futures-based ETFs which also need explicit SEC approval before trading can begin. Consequently, spot crypto ETFs like XRP, LTC, or SOL cannot be automatically approved while the government shutdown persists. The SEC must resume full operations and review the required S-1 filings for these products to commence trading.