US stock exchange MEMX has submitted a filing to the SEC to register an XRP exchange-traded fund (ETF) as a "commodity-based trust." This highlights a shifting perception of XRP in the financial sector, as it has historically faced scrutiny from the SEC. However, a ruling in August clarified that XRP is not a security, allowing it to be considered alongside other commodities like Bitcoin and Ethereum. MEMX's decision to list an XRP ETF is influenced by regulatory changes and strong market demand for alternative crypto investment vehicles.



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