The prospects of these XRP ETFs might be a
Game Changer for XRP and its Institutional
Inflows and Buying. This might Increase it's RWAs and greater role in Cross Border Settlement
Binance News
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Financial Firms Update Spot XRP ETF Proposals Amid SEC Feedback
According to BlockBeats, asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree have submitted updated statements for their proposed spot XRP ETFs. This move highlights the financial firms' eagerness to secure listing approval from the U.S. Securities and Exchange Commission (SEC).
Bloomberg ETF analyst James Seyffart noted that these submissions are likely a response to feedback from the SEC. He described this development as a positive sign, albeit an expected one.
The revised documents appear to modify the structure of some funds, allowing for the creation of XRP or cash and the redemption of cash or physical assets, rather than solely cash creation and redemption.
Bloomberg ETF analyst James Seyffart noted that these submissions are likely a response to feedback from the SEC. He described this development as a positive sign, albeit an expected one.
The revised documents appear to modify the structure of some funds, allowing for the creation of XRP or cash and the redemption of cash or physical assets, rather than solely cash creation and redemption.
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XRP
3.019
-1.47%
