XRP ETFs Are Coming—But Here’s What the SEC Decision Means
- Financial firms are pushing for XRP ETFs to bring crypto to traditional markets.
- SEC’s approval of XRP ETFs could shape future crypto investment products.
- XRP’s price remains stable despite increasing ETF filings and market interest.
Several financial firms, including WisdomTree, Bitwise, 21Shares, and Canary Capital, have filed applications with the Chicago Board Options Exchange (CBOE) to launch exchange-traded funds (ETFs) based on XRP.
These filings are a step towards accepting XRP into mainstream financial markets. If approved, these ETFs could provide institutional investors with a legal investment way to gain exposure to digital assets, further bridging the gap between traditional finance and crypto assets.
The filing of 19b-4 forms by Bitwise and Canary Capital marks an important milestone in the ETF approval process. Filed with the U.S. Securities and Exchange Commission (SEC), these forms are basically asking for permission to list and trade the proposed XRP ETFs.
Growing Interest in Crypto ETFs
The filing of the 19b-4s follows the initial S-1 registrations submitted by the issuers earlier, with Bitwise filing for its spot XRP ETF in Octo…
The post XRP ETFs Are Coming—But Here’s What the SEC Decision Means appeared first on Coin Edition.
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XRP ETFs Are Coming—But Here’s What the SEC Decision Means
- Financial firms are pushing for XRP ETFs to bring crypto to traditional markets.
- SEC’s approval of XRP ETFs could shape future crypto investment products.
- XRP’s price remains stable despite increasing ETF filings and market interest.
Several financial firms, including WisdomTree, Bitwise, 21Shares, and Canary Capital, have filed applications with the Chicago Board Options Exchange (CBOE) to launch exchange-traded funds (ETFs) based on XRP.
These filings are a step towards accepting XRP into mainstream financial markets. If approved, these ETFs could provide institutional investors with a legal investment way to gain exposure to digital assets, further bridging the gap between traditional finance and crypto assets.
The filing of 19b-4 forms by Bitwise and Canary Capital marks an important milestone in the ETF approval process. Filed with the U.S. Securities and Exchange Commission (SEC), these forms are basically asking for permission to list and trade the proposed XRP ETFs.
Growing Interest in Crypto ETFs
The filing of the 19b-4s follows the initial S-1 registrations submitted by the issuers earlier, with Bitwise filing for its spot XRP ETF in Octo…
The post XRP ETFs Are Coming—But Here’s What the SEC Decision Means appeared first on Coin Edition.
Read More