EddieJayonCrypto
20 Feb 25
The U.S. Securities and Exchange Commission (SEC) has acknowledged a filing by CoinShares for a spot-based XRP exchange-traded fund (ETF), marking the fourth XRP ETF filing to be acknowledged by the agency. The SEC has also asked for comments on competing proposals from Grayscale, 21Shares, and Bitw...
The U.S. Securities and Exchange Commission (SEC) has acknowledged a filing by CoinShares for a spot-based XRP exchange-traded fund (ETF), marking the fourth XRP ETF filing to be acknowledged by the agency. The SEC has also asked for comments on competing proposals from Grayscale, 21Shares, and Bitwise. Filings from Canary Capital and WisdomTree are yet to be acknowledged.
The odds of the SEC approving such a product this year currently stand at 78% on Polymarket and have remained relatively unchanged over the past month. Former SEC official John Reed Stark has predicted that the SEC will abandon its appeal against Ripple.
The race to launch a spot-based XRP exchange-traded fund (ETF) in the U.S. is gaining more traction, with the U.S. Securities and Exchange Commission (SEC) acknowledging a filing submitted by crypto-focused investment company CoinShares. This is the fourth XRP ETF filing that has been acknowledged by the agency. The SEC previously asked for comments on competing proposals submitted by Grayscale, 21Shares, and Bitwise.
The agency is yet to acknowledge the filings that have been submitted by Canary Capital and WisdomTree. Notably, the odds of the SEC approving such a product as early as this year currently stand at 78% on Polymarket. They have remained relatively unchanged over the past month. Meanwhile, former SEC official John Reed Stark recently predicted that the SEC would abandon its appeal against Ripple.