CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinDesk 2025-02-06 22:38:55

SEC Seems Ready to Advance XRP, Litecoin, Solana ETF Applications

The U.S. Securities and Exchange Commission took the first step toward allowing new crypto exchange-traded funds (ETFs) tracking the price of assets like Litecoin and Solana, as well as new ways of redeeming funds from existing crypto ETFs on Thursday, while companies took another step toward launching XRP ETFs in a further sign of the new crypto-friendlier administration at the agency. Earlier Thursday, the SEC acknowledged a filing by Grayscale for a Solana (SOL) ETF, meaning that the Commission now has until October to approve or deny the application. The SEC had previously refused to acknowledge several applications for ETFs tracking SOL and had told Cboe to take down its previously uploaded 19b-4s for those ETFs. Eric Balchunas, senior ETF analyst at Bloomberg Intelligence said the acknowledgement was “notable,” given that it’s the first time an ETF filing for a cryptocurrency that was previously deemed a “security” has been acknowledged by the SEC. “We are now in new territory, albeit just a baby step, but seemingly the direct result of leadership change,” he wrote in a post on X . The SEC also acknowledged a series of other crypto ETF-related applications on Thursday, including Grayscale’s filing for a Litecoin (LTC) ETF as well as BlackRock’s proposal to to allow for in-kind creations & redemptions on iShares Bitcoin ETF. During U.S. evening hours, Cboe filed to list and trade shares of four separate ETFs looking to track the price of XRP (XRP). The exchange filed four 19b-4 documents with the SEC on Thursday, for the prospective ETFs of Bitwise, 21Shares, Canary Capital, and WisdomTree. All four issuers had previously filed S-1s, which are the first step in bringing an ETF on the market. While Thursday's actions don't necessarily guarantee that the SEC will approve all of these products, they do show that companies feel more comfortable with expanding beyond just Bitcoin and Ether ETF products with the current SEC administration.

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen