SEC Faces 240-Day Countdown to Decision on XRP ETF Following Key Filings
The Securities and Exchange Commission (SEC) now has a fixed 240-day deadline to issue a decision on an XRP exchange-traded fund (ETF).
This comes after the 19b-4 filings for two XRP-based investment products — Grayscale XRP Trust and 21Shares Core XRP Trust — were published in the Federal Register.
Deadline for XRP ETF Set
On February 20, NYSE Arca’s 19b-4 filing to list and trade shares of Grayscale XRP Trust was published in the Federal Register. Fox Business reporter Eleanor Terrett highlighted the development on X.
“All of this means the clock is now ticking for the SEC to react with either approval or disapproval on or before October 18,” Terrett wrote.
