Teucrium Trading LLC has filed for a Flare Network ETF as FXRP minting on the Flare Network surpasses $120 million. The filing comes during an SEC operational shutdown, enabling the application to proceed without immediate regulatory approval. Flare co-founder Hugo Philion highlighted the growing institutional interest in the DeFi ecosystem on X. This move follows Teucrium's previous success with an XRP ETF, which was approved during a similar regulatory pause.