In a recent interview, Sal Gilbertie, CEO of Teucrium Trading, opened up about his firm’s experience in the crypto ETF space and why he’s backing XRP. He said that the SEC was initially hesitant.
They asked Teucrium and others to withdraw their filings, citing low liquidity in the futures market. Sal recalled that the government’s stance at the time forced firms like his to comply. Yet, he and his team continued to track the market closely. When they believed liquidity had improved, they refiled.
SEC Changes the Rules Midway
Teucrium filed its Bitcoin futures ETF under the 1933 Act, which came with a long 270-day approval timeline. Later that same year, former SEC ChairmanGary Gensler changed the rules and allowed filings under the 1940 Act, …
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