ChainCatcher message, August 23, asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree all submitted updated statements for their proposed spot XRP ETF on Friday, further indicating the financial companies' eagerness 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 received 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 creation and redemptions.
