Key Steps Toward Launching XRP Spot ETFs: CBOE BZX Filings

user avatar

by Giorgi Kostiuk

2 years ago

CBOE BZX Exchange has filed 19b-4 documents with the SEC, which could pave the way for launching the first XRP-based spot ETFs in the US.

What is a 19b-4 Filing?

A 19b-4 filing is an official request to change a rule with the SEC, allowing companies to propose new investment products such as ETFs. These filings indicate asset managers' intent to offer XRP-based ETFs.

The Four Asset Managers Involved

The filings are submitted by four major asset management firms: Bitwise, 21Shares, Canary Capital, and WisdomTree. Each of these companies had already submitted S-1 filings, the initial step in the ETF registration process, before the 19b-4 filings.

The SEC’s Changing Approach

Historically cautious about crypto ETFs, the SEC may be shifting its stance due to new leadership appointments, which could impact not just XRP but the broader crypto space, opening the doors to new ETF products.

While the 19b-4 filings are a positive sign, approval is not guaranteed. The SEC's decision will be crucial for both the future of XRP and the broader cryptocurrency market.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Cronos Reverses Transactions to Mitigate Exploit Damage

chest

Cronos blockchain network rolled back nearly two hours of transaction history to recover funds after a significant exploit of the Tectonic lending protocol.

user avatarBayarjavkhlan Ganbaatar

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

MEXC Introduces Opportunity Compass for Crypto Education

chest

MEXC has launched Opportunity Compass, an initiative aimed at educating cryptonative users about global markets and financial opportunities.

user avatarElias Mukuru

Zoomex Highlights Market Volatility Amid Economic Shifts

chest

Zoomex highlights its platform's capabilities during a week of sharp market volatility driven by economic data, enabling traders to respond in real-time.

user avatarDiego Alvarez

Tesla Faces Regulatory Scrutiny, Stock Drops

chest

Tesla's shares fell 6% following a new investigation into its autonomous vehicle technology by the National Highway Traffic Safety Administration, highlighting the impact of regulatory scrutiny on the stock market.

user avatarMaria Fernandez

Unexpected Developments in the US Labor Market with Employment Expansion.

chest

The US economy added 162,000 jobs in August, significantly exceeding forecasts, leading to a rapid repricing of Federal Reserve expectations regarding interest rates.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.