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SEC approves Nasdaq, CoinShares XRP ETF applicationsThe U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s application for a CoinShares XRP ETF and opened a 21-day public comment period. The application follows a Form 19b-4 filed by Nasdaq to propose rule changes related to the listing of CoinShares XRP and Litecoin ETFs. While this acceptance does not guarantee approval, it does indicate a possible change in the SEC’s stance on crypto investment products. Additionally, companies such as 21Shares, Grayscale, and Bitwise have also filed applications for spot XRP ETFs. The SEC previously rejected Solana's ETF application and is expected to remain cautious about new crypto ETFs, especially given the ongoing legal dispute with Ripple Labs
Source @OriNeko
