The SEC has pushed back the effectiveness date of Teucrium's 2x Short Daily XRP ETF to October 11, 2026. The delay lands days before the Senate votes on the CLARITY Act, a crypto market-structure bill that prediction markets now give only an 18% to 22% chance of passing this year.
Listed Funds Trust filed a post-effective amendment with the Securities and Exchange Commission on September 11, 2026, delaying the effectiveness of the Teucrium 2x Short Daily XRP ETF's registration statement. The filing states: "sole purpose of this filing is to delay the effectiveness" of the fund until October 11.
Registration Pushed Back, No New Trading Date Set
The submission is filed as Post-Effective Amendment No. 606 to the Securities Act of 1933 and Amendment No. 608 to the Investment Company Act of 1940. The filing does not set a new trading date — October 11 only marks the new effectiveness date for the registration statement, so actual trading may depend on further filings.
The fund is built to seek twice the inverse of XRP's daily performance before fees and expenses, meaning a 3% daily decline in XRP would target a 6% gain for the fund, though actual returns would vary with market conditions and costs.
CLARITY Act Faces Long Senate Odds
The ETF delay follows a pivotal moment for crypto regulation in Washington. The Senate will vote on the CLARITY Act on September 15, where the bill needs 60 votes to pass. Republicans hold 53 Senate seats, so the bill needs seven Democratic votes even if every Republican supports it.
However, seven Democratic senators have said the draft legislation isn't enough, citing unresolved issues including an ethics clause on digital asset sponsorships from federal officials, a section covering DeFi developer liability, and restrictions on yield. Republican Senators Rand Paul and Josh Hawley are also likely to vote against the bill, while Democratic Senators Ruben Gallego and Angela Alsobrooks have given only conditional support.
Polymarket odds for the CLARITY Act's passage in 2026 have fallen to between 18% and 22%, down from 82% earlier this year.
Source: CoinGape
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