Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.

CDS Crypto News XRP ETF Filing Moves Forward: SEC Reviews Cboe’s Proposal

Crypto News

XRP ETF Filing Moves Forward: SEC Reviews Cboe’s Proposal

sevval20/02/20251 Mins read60

Xrp Etf Filing Moves Forward: Sec Reviews Cboe’s Proposal

XRP ETF Gets Closer to Reality: SEC Takes the Next Step

XRP ETF– The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing of a spot XRP exchange-traded fund (ETF) proposal from Cboe BZX Exchange, on behalf of Canary Capital. This acknowledgment marks an important step in the process of potentially launching an XRP ETF. According to the SEC, the public has 21 days from the date the filing was published in the Federal Register to submit comments regarding the proposal. After this comment period, the SEC will decide whether to approve, reject, or initiate further proceedings on the filing.

The filing in question is a 19b-4, which is a key part of the two-step process required to propose a crypto ETF to the SEC. Once the SEC acknowledges a filing, the next step is for it to be published in the Federal Register, triggering the formal approval process. The SEC has already previously acknowledged similar filings for spot XRP ETFs from firms like 21Shares, Bitwise, Grayscale, and CoinShares. Additionally, Canary Capital has had a Litecoin ETF filing acknowledged by the SEC as well.

This latest filing comes on the heels of the SEC’s approval of spot Bitcoin and Ethereum ETFs last year. Following the shift to a crypto-friendly administration under former President Trump, the SEC has seen a surge in spot crypto ETF filings. A new crypto task force, led by SEC Commissioner Hester Peirce, is also set to determine which crypto assets should be classified as securities, among other priorities.

As the SEC moves forward with the review of these filings, the crypto industry is watching closely, with hopes that the approval of a spot XRP ETF could provide a significant boost to the broader crypto market.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.

Previous post Ethereum ETFs on the Rise: SEC Considers Staking Proposal for 21Shares ETF

Next post MANTRA Launches RWAccelerator to Revolutionize Real-World Asset Tokenization

Written by

sevval

Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.

You must be logged in to post a comment.