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SEC acknowledges Cboe’s request to list 21Shares XRP ETF

SEC acknowledges Cboe’s request to list 21Shares XRP ETF
The US Securities and Exchange Commission (SEC) has acknowledged Cboe BZX's request to list 21Shares' XRP exchange-traded fund (ETF), which is seen as a sign of progress for US exchanges seeking to list ETFs containing spot XRP. The SEC's acknowledgement is not to be confused with a formal approval of an XRP ETF, but it indicates a changing stance by the regulatory body towards cryptocurrencies. The filing proposes listing the ETF under BZX Rule 14.11(e), which governs the listing and trading of Commodity-Based Trust Shares. The SEC has previously approved bitcoin and ether-based commodity trust shares and receipts. The filing also highlights the surge in activity to file for the listing of over a dozen crypto ETFs in anticipation of a more favorable regulatory environment under the Trump administration. Issuers are now preparing for the potential approval of crypto index ETFs covering a range of digital tokens.

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