- 21Shares, Bitwise, Canary Capital, and WisdomTree stuffed within the 19b-4 varieties
- The SEC will start a assessment course of as soon as it acknowledges the varieties and could have 240 days to decide
- The SEC authorised the itemizing of spot Bitcoin ETFs in January 2024
The Chicago Board Choices Trade (Cboe) has filed 4 separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs).
The trade filed the 19b-4 varieties from 21Shares, Bitwise, Canary Capital, and WisdomTree.
The filings will start a assessment course of with the US Securities and Trade Fee (SEC). Following acknowledgement from the company, there will likely be a 240-day window for the SEC to both approve or deny the filings.
Crypto-friendly Mark Uyeda is presently the performing chair of the SEC.
In October, Bitwise filed an S-1 kind for an XRP ETF with the SEC. Equally, Canary Capital filed for an XRP ETF final yr, reflecting its broader technique to deliver a number of crypto ETFs to the market.
The SEC authorised the itemizing of spot Bitcoin ETFs in January 2024.
It is a creating story.
