Grayscale’s 19b-4 application to turn its XRP$XRP Trust into an exchange-traded fund (ETF) has been approved by the U.S. Securities and Exchange Commission (SEC), according to a report by Eleanor Terrett on X.
Although acknowledgment does not ensure approval, it signifies a shift in the SEC’s approach toward digital asset funds. Unlike in past instances, the commission is engaging with applications instead of dismissing them outright.
