🚨 XRP Spot ETF Progress

Several asset management giants including Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree have submitted revised S-1 filings for the XRP spot ETF to the SEC.

📑 Key Changes:

Initially only allowed cash creation and redemption

The new version allows for XRP or cash creation, as well as cash or physical redemption

👉 A more flexible mechanism that helps improve the operational efficiency and liquidity of the ETF.

🔍 Bloomberg ETF analyst James Seyffart commented:

"This is almost certainly an adjustment after feedback from the SEC, which is a positive signal, but overall it is also within expectations."

📌 This move indicates that the XRP spot ETF is one step closer to being launched and signals an acceleration in interaction between the SEC and asset management institutions.#xrp #ETH创历史新高