$XRP

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