#XRPETFIncoming?

According to Odaily, the New York Stock Exchange (NYSE) Arca has submitted a 19b-4 document, aiming to convert the Grayscale XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently manages assets worth approximately 16.1 million dollars. This submission represents the second step in a two-part process to apply for a spot cryptocurrency ETF with the United States Securities and Exchange Commission (SEC). The exchange submits the 19b-4 document to the SEC to propose modifications to the existing rules, allowing the trading of the ETF. This step is crucial in the ETF approval process, and once the SEC approves the document, it will be published in the Federal Register, initiating the approval procedure.