- 21Shares, Bitwise, Canary Capital, and WisdomTree stuffed within the 19b-4 kinds
- The SEC will start a evaluate course of as soon as it acknowledges the kinds and could have 240 days to decide
- The SEC authorised the itemizing of spot Bitcoin ETFs in January 2024
The Chicago Board Choices Alternate (Cboe) has filed 4 separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs).
The change filed the 19b-4 kinds from 21Shares, Bitwise, Canary Capital, and WisdomTree.
The filings will start a evaluate course of with the US Securities and Alternate Fee (SEC). Following acknowledgement from the company, there will probably be a 240-day window for the SEC to both approve or deny the filings.
Crypto-friendly Mark Uyeda is at present 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 carry a number of crypto ETFs to the market.
The SEC authorised the itemizing of spot Bitcoin ETFs in January 2024.
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