XRP ETFs Edge Closer to SEC Approval Following Multiple 19b-4 Filings
- Cboe BZX Exchange submits 19b-4 forms to the SEC for XRP ETFs on behalf of four asset managers.
- The SEC will have a 240-day window to approve or deny the applications.
- Ripple CEO Brad Garlinghouse and the XRP community express optimism over the potential approval.
The push for XRP exchange-traded funds (ETFs) is gaining momentum as asset managers make headway with their applications, bringing these investment products closer to reality.
On Thursday, the Cboe BZX Exchange officially submitted the pivotal 19b-4 forms to the SEC on behalf of Canary Capital, Bitwise Investments, WisdomTree, and 21Shares, seeking regulatory approval to launch XRP ETFs. This filing marks the next step in the process following the initial S-1 filings submitted by the issuers.
What are 19b-4 Forms, and Why Do They Matter?
The 19b-4 forms play a crucial role in requesting approval from the U.S. SEC for the listing and trading of the XRP ETFs on the Cboe BZX Exchange. Basically, it’s the exchange saying, “We want to list this product – here’s how it will work.”
This submission follows an earlier report from FOX Business News’ Eleanor Terrett, who hinted at further developmen…
The post XRP ETFs Edge Closer to SEC Approval Following Multiple 19b-4 Filings appeared first on Coin Edition.
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XRP ETFs Edge Closer to SEC Approval Following Multiple 19b-4 Filings
- Cboe BZX Exchange submits 19b-4 forms to the SEC for XRP ETFs on behalf of four asset managers.
- The SEC will have a 240-day window to approve or deny the applications.
- Ripple CEO Brad Garlinghouse and the XRP community express optimism over the potential approval.
The push for XRP exchange-traded funds (ETFs) is gaining momentum as asset managers make headway with their applications, bringing these investment products closer to reality.
On Thursday, the Cboe BZX Exchange officially submitted the pivotal 19b-4 forms to the SEC on behalf of Canary Capital, Bitwise Investments, WisdomTree, and 21Shares, seeking regulatory approval to launch XRP ETFs. This filing marks the next step in the process following the initial S-1 filings submitted by the issuers.
What are 19b-4 Forms, and Why Do They Matter?
The 19b-4 forms play a crucial role in requesting approval from the U.S. SEC for the listing and trading of the XRP ETFs on the Cboe BZX Exchange. Basically, it’s the exchange saying, “We want to list this product – here’s how it will work.”
This submission follows an earlier report from FOX Business News’ Eleanor Terrett, who hinted at further developmen…
The post XRP ETFs Edge Closer to SEC Approval Following Multiple 19b-4 Filings appeared first on Coin Edition.
Read More