Teucrium Files for Flare ETF Amid Record Network Growth

Flare Network is drawing fresh attention as Teucrium Trading LLC has reportedly filed for a Flare-based exchange-traded fund (ETF). The filing comes as network activity hits record highs. 

This increase was fueled by the expansion of Flare’s DeFi ecosystem and the rising use of its recently launched FXRP token.

Flare Gains Institutional Attention

The proposed ETF fund was filed with the U.S. Securities and Exchange Commission (SEC). However, the agency has not yet confirmed the details of the filing. Teucrium’s decision to pursue a Flare ETF marks an important moment for both the company and the network. 

Teucrium Trading LLC is not new to digital assets. The firm earlier launched the first leveraged XRP ETF in the United States. Now, its new filing for a Flare ETF could take things a step further. If approved, it would expand Teucrium’s reach and help bring Flare’s blockchain technology closer to traditional financial markets.

In a recent X post, Flare’s Co-Founder, Hugo Phillion, confirmed the ETF filing. He shared optimism about Flare’s growing importance in decentralized finance and its potential to connect real-world data with blockchain systems.

FXRP Growth Strengthens Flare’s Ecosystem

The ETF application comes at a time of strong growth within the Flare ecosystem. On-chain data shows that the minting of FXRP tokens has exceeded $120 million since their introduction in September. 

FXRP allows XRP holders to lock their tokens and mint equivalent ERC-20 assets through the FAssets system. This process provides users with decentralized access to lending, liquidity, and yield opportunities across multiple decentralized finance (DeFi) platforms.

The mechanism has transformed FXRP into both a collateral asset and a liquidity source. As a result, Flare now hosts one of the largest EVM-compatible DeFi ecosystems centered around XRP. 

Its total value locked (TVL) on the platform has increased by nearly 38% in just over a month. This rise is mainly due to liquidity migration from XRP holders seeking better returns in decentralized markets.

Demand Rises as Flare Network Expands

Research from Messari shows strong demand for FXRP, Flare’s version of XRP. The first 5 million FXRP limit was reached in just a few hours, and the next 15 million cap also filled quickly.

This fast growth shows that users trust Flare’s technology, which includes the Flare Time Series Oracle and Flare Data Connector. 

However, while FXRP activity is rising, Flare’s main token FLR has lost almost 38% of its value in the past month. The token is now trading around $0.016. This comes as many users prefer to earn with stablecoins or XRP-based products instead of holding FLR. 

Platforms like SparkDEX, which recently restarted trading with FXRP, have attracted over $120 million to the XRPFi ecosystem. Still, this interest has not yet created strong, lasting demand for the FLR token itself.