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Coin Edition 2025-02-19 07:05:00

XRP ETF Inches Closer: SEC Acknowledges Bitwise Filing, Review Begins

XRP ETF Inches Closer: SEC Acknowledges Bitwise Filing, Review Begins

The SEC has acknowledged Bitwise’s XRP ETF application. The SEC has opened a 21-day window for public comments and a 240-day review period. While many are hopeful, some analysts argue that XRP may face difficulties. In a filing made on Tuesday (February 18), the U.S. Securities and Exchange Commission (SEC) acknowledged the XRP Exchange-Traded Fund (ETF) application submitted by the Cboe BZX Exchange on behalf of asset manager Bitwise. The filing opens a 21-day window for public comments once it’s published in the SEC’s federal register. Plus, a 240-day review period has started, and the SEC must decide whether to approve the ETF application by the end of this period. Related: Ripple CTO Challenges Bitcoin Supply Scarcity Claims in Heated Debate XRP ETF Approval Process Gains Momentum This acknowledgment is seen as a major step forward for XRP ETFs, as the SEC has already reviewed similar applications from other major players, including 21Shares and Grayscale. However, Canary Capital and WisdomTree are still awaiting acknowledgment. The Bitwise filing has added to growing excitement within the crypto community, with many now speculating that XRP a… The post XRP ETF Inches Closer: SEC Acknowledges Bitwise Filing, Review Begins appeared first on Coin Edition .

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