SEC Starts the Game: Accepting ETF Applications for $XRP Coin for Review!
The SEC has officially announced that it has accepted Form 19B-4 applications to launch an exchange-traded fund (ETF) for $XRP Coin!
This is a historic development that could open the door for Ripple and its cryptocurrency to billions of dollars in investment from financial institutions.
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What is Form 19B-4?
It is a document that exchanges submit to the SEC to request changes to listing rules, such as adding a new ETF.
> Note: Acceptance of the application does not mean final approval, but it does start a process of in-depth analysis by the regulator.
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Why is this important for #xrp Coin?
✅ Legitimacy: Approval of the ETF would be a vote of confidence in XRP after years of legal battles with the SEC.
📈 Increased liquidity: Institutional investors will be able to access the currency easily via traditional exchanges.
🔥 Price surge: If approved, XRP’s market cap could see a similar surge to Bitcoin’s after its ETF was approved.
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What’s next?
The SEC will begin public consultations and risk analysis — a process that could take 6 to 18 months.
One of the most important factors that could support approval:
$XRP is not a security, as the court partially confirmed in 2023.
