According to BlockBeats, on August 23, asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree all submitted updated statements for their proposed spot XRP ETF this Friday, further indicating that financial firms are eager to obtain listing approval from the U.S. Securities and Exchange Commission.
Bloomberg ETF analyst James Seyffart stated that the emergence of these applications is almost certainly due to feedback from the SEC. This is a good sign, but it was also basically expected.
The updated documents seem to change the structure of some funds, allowing for the creation of XRP or cash as well as cash or physical redemptions, rather than just cash creations and redemptions.
