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!!!
The post Just-In: CBOE Files 19b-4 For Four XRP ETFs With US SEC appeared first on CoinGape.
