The Chicago Board Options Exchange (CBOE) has filed paperwork to the US Securities and Exchange Commission (SEC) on behalf of Bitwise Investment, WisdomTree, 21Shares, and Canary Funds, requesting the approval to list and trade XRP exchange-traded funds (ETFs) on the Cboe BZX Exchange. These filings now await a decision from the SEC within the next 240 days. The applicants are emphasizing XRP's compliance with a 2023 SEC ruling that it is not a security and are providing alternative measures such as on-chain analytics and market structure analysis to address concerns of fraud and manipulation. The approval of Litecoin ETF filings has provided hope for XRP bulls.



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