SEC Acknowledges Bitwise XRP ETF Application
The SEC just confirmed another XRP ETF archive, this time from Bitwise. Last week, CBOE BZX Exchange submitted an application to list several XRP ETFs, including Bitwise’s XRP ETFs.
This is not the first XRP file to be recognized by the SEC, and the price of the basic assets is hardly rewarding. Still, it’s a positive signal of approval, especially since it’s so fast.
More positive development of XRP ETF
For XRP ETF enthusiasts, the recent weeks have been a particularly bullish period. since SEC has become more crypto-friendlyit conducts some specific outreach activities. It is Apparently planning to abandon its long-term lawsuitalthough this has not been completed yet, and it has begun Confirm the relevant documents.
Today, the committee admit another:
“Under the provisions of Section 19(b)(1) of the U.S. Stock Exchange Act of 1934, and Section 19B-4, hereby notify that, in view of February 6, 2025, CBOE… has filed with the U.S. Securities and Exchange Commission The proposed rule changes are listed and traded 21shares Core XRP Trust shares.
XRP ETF In crypto communities, people have been a coveted regulatory target. Under Gary Gensler’s SEC This is considered impossible,This is Still considered less likely than other Altcoin ETFs In 2025.
However, Polymer odds show overwhelming community beliefs The approval will be awarded this year, and today’s recognition is a real milestone.
Still, this is not the first time that the SEC has admitted XRP ETF padding. The first happened earlier this week Tip: The corresponding XRP price surges. However, today, the price of assets is still weak, and ETF hype Can’t overcome the pressure of external viewing.
Overall, this latest recognition reveals a clear trend toward progress in the SEC. Grayscale submitted XRP ETF proposal In late January, the SEC confirmed this earlier this week. However, today’s file submitted from CBOE and Bitwise Only over a week’s history As far as working days are concerned.
In other words, the SEC seems to be speeding up. Of course, CBOE filed a 19b-4 application to represent several potential issuers without having to tick the XRP ETF. So far, these have not been recognized.
Still, it’s a big time to change, especially considering the lawsuit between Ripple and the SEC. Hopefully more good news will come with it.
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