Asset managers, including Bitwise Investments, Canary Capital, WisdomTree, and 21Shares, have taken a step closer to launching XRP exchange-traded funds (ETFs) by filing 19b-4 forms with the U.S. Securities and Exchange Commission (SEC). These forms are necessary to request permission to list and trade the ETFs on the Cboe BZX Exchange. While the SEC has a 240-day window to approve or deny the filings, the recent acknowledgment of similar filings for Litecoin ETFs has led to speculation that a response may come soon. Members of the XRP community have responded positively to the news, with Ripple CEO Brad Garlinghouse suggesting that the countdown for XRP ETF launch has begun. The approval of an XRP ETF could have significant implications for the future of the cryptocurrency, providing traditional investors with easier access.



Other News from Today