Cboe BZX Files for Spot XRP ETFs as Approval Odds Rise 📈
The Cboe BZX Exchange has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), requesting approval for the listing and trading of spot XRP exchange-traded funds (ETFs). This filing includes proposals from asset managers like Bitwise Investment, 21Shares, Canary Funds, and WisdomTree.
In a notable development, Grayscale has also entered the fray, further highlighting the increasing interest in establishing such financial products. The approval odds for these ETFs appear optimistic, potentially paving the way for more mainstream adoption of cryptocurrencies.
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