Updated (February 6th 11:40pm UTC): This article has been updated and added information.
CBOE BZX Exchange has filed a 19B-4 submission on behalf of four asset managers seeking to list funds traded on the first Spot XRP Exchange in the US.
On February 6th, the exchange submitted a filing for 19b-4 Canary capital, WisdomTree, 21 shares and Bitwise In the case of ETFs that track XRP (XRP) prices, it is currently the fourth largest cryptocurrency.
The filing of 19B-4 will notify the Securities and Exchange Commission of a proposed rule change, and if approved, will lead to the country's first XRP ETF.
The SEC has allowed ETFS, which tracks Bitcoin (BTC) and Ether (ETH), to begin trading in early 2024 under former chairman Gary Gensler.
However, now led by crypto-friendly acting committee chair Mark Weda, analysts are investigating the products the Trump administration has affected, and the number of crypto-related ETF filings and It points to an increase in diversity.
Last week, on January 28th, CBOE BZX refilled the 19B-4 filing, 21 share, Bitwise and Vanek of Canary Spot Solana (SOL) ETF.
Bitwise was the first file to the SEC of the Bitwise XRP ETF, submitting Form S-1 for its October bid. Form S-1 is an initial security registration with the SEC. Both IT and 19B-4 filing are required before regulators can allow ETFs to start trading.
Canary capital continued closely bit by bit, and a few days later filed Form S-1 with the Canary XRP Trust. 21Shares first filed for the XRP ETF of the 21Shares Core XRP Trust, an XRP ETF in November, while the WisdomTree XRP Fund was filed with the SEC in December.
Other fund issuers are also fishing to launch a spot XRP fund. On January 30th, NYSE ARCA, a subsidiary of the New York Stock Exchange, filed the 19B-4. Submit Converts Grayscale's XRP trust to Spot ETF.
sauce: James Safert
Related: Bitcoin ETFs in the US could attract more than $50 billion in 2025, Bitwise says
Jersey-based issuer Coinshare also available on January 24th Submit Coin Share XRP ETF Form S-1.
JPMorgan said last month that it believes the Spot XRP ETF can attract a net worth of between $4 billion and $8 billion within the first 12 months after its launch.
XRP is trading at around $2.34, down 2% over the past 24 hours. In mid-January, we once again came into contact with the highest ever high in January 2018, a hit seven years ago. Around Coingecko.
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