New update regarding XRP :
- *Brazilian XRP ETF Launch*: Brazil has launched the world's first spot XRP ETF on the B3 exchange, managed by Hashdex. The fund tracks the XRP Reference Price Index and has a net worth of around $40 million.
- *US SEC Filings*: Several firms have filed for XRP ETFs with the US SEC, including:
- *Bitwise*: Filed a Form S-1 registration statement for an XRP ETF
- *Canary Capital*: Filed an S-1 form for its proposed Canary XRP ETF
- *21Shares*: Filed for an XRP ETF with the SEC
- *Franklin Templeton*: Filed for an XRP ETF, becoming the ninth firm to do so
- *Grayscale*: Proposed converting its XRP Trust into an ETF trading on the NYSE
- *SEC Acknowledgment*: The SEC has acknowledged filings for XRP ETFs from various firms, including Grayscale's Solana and Litecoin ETFs. This acknowledgment starts a 240-day waiting period for the regulator to approve or deny the products.
- *Potential Approval*: Analysts expect new approvals for crypto ETFs this year, with over 72 proposals pending with the SEC, including XRP, Solana, and Litecoin ETFs ¹ ² ³.
Keep eye on new developments for progress.
Always Do your own research
Do your own research, keep updated.
