Crypto-focused investment company CoinShares has submitted a filing for a spot-based XRP exchange-traded fund (ETF), becoming the fourth company to do so. The U.S. Securities and Exchange Commission (SEC) has acknowledged the filing and has also asked for comments on proposals from Grayscale, 21Shares, and Bitwise. The SEC has not yet acknowledged filings from Canary Capital and WisdomTree. The odds of the SEC approving an XRP ETF this year are currently at 78%. Additionally, a former SEC official predicts that the SEC will abandon its appeal against Ripple.



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