CBOE BZX Exchange has filed 19b-4 applications for top asset managers pushing for XRP ETF with the US Securities and Exchange Commission (SEC). Specifically, the 19b-4s belong to Bitwise, Canary Capital, 21Shares and WisdomTree.
XRP ETF One Step Closer to US SEC Approval
According to 19b-4, the XRP ETF products from these firms will conform to the BZX Rule 14.11(e)(4). The 19b-4s are generally considered the next step in the push toward approving the proposed rule change from the issuers.
As Fox Business Journalist Eleanor Terrett said on X, This 19b-4 is an official notification for the SEC to permit listing the XRP ETFs on Cboe. Should the markets regulator acknowledge this filing, the 240-day countdown to approval will begin. According to market analysts, the chances of acknowledgment are high, considering the commission recently acknowledged the 19b-4 from Grayscale Investments.
The US SEC now seeks public comment on the Litecoin ETF proposal, signaling the official start of the approval process.
This is a developing story, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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