xrp-etf

According to Odaily, Grayscale's application for a spot XRP exchange-traded fund (ETF) has been officially submitted to the Federal Register. This submission marks the beginning of the U.S. Securities and Exchange Commission's (SEC) review process. The SEC is required to decide by October 18 whether to approve or reject the application. The 19b-4 application is a formal document submitted by Grayscale to the SEC, aiming to launch an ETF based on XRP. With its publication in the Federal Register, the review process has officially commenced. During this period, the SEC may engage with Grayscale for additional information or clarification on related issues.