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Cryptocurrency News Articles
The SEC Just Acknowledged Grayscale's Proposal for a Spot XRP ETF
Feb 14, 2025 at 07:01 am
The SEC has just given a green light to Grayscale's proposal for a Spot XRP ETF by officially acknowledging the 19b-4 filing submitted via NYSE Arca—and now they're calling on the public for feedback.
The Securities and Exchange Commission (SEC) has acknowledged Grayscale’s 19b-4 filing to launch a spot XRP exchange-traded fund (ETF), inviting public feedback on the matter.
The filing, published last Thursday and pertaining to Grayscale XRP Spot ETF (NYSE Arca: GSRX), comes as the final step in the regulatory approval process for the ETF.
Following the publication in the Federal Register, a 21-day window will open for interested parties to submit their comments on the filing. Afterward, the SEC will consider the feedback and decide whether to approve the ETF, reject it or commence formal proceedings.
The filing comes as part of Grayscale’s broader efforts to launch spot ETFs for various cryptocurrencies, including Solana and Dogecoin.
Recently, several crypto ETFs have been filed with the SEC as firms test the waters for regulatory approval. Among the latest filings are applications for spot XRP ETFs.
In a recent development, Grayscale has filed an application to launch a spot XRP exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).
The filing, published in a notice on Thursday, marks the final step in the regulatory approval process for the ETF, as it now awaits publication in the Federal Register.
Once published in the Federal Register, a 21-day window will open for interested parties to submit their comments on the filing. Afterward, the SEC will consider the feedback and decide whether to approve the ETF, reject it or commence formal proceedings.
The filing comes as part of Grayscale’s broader efforts to launch spot ETFs for various cryptocurrencies, including Solana and Dogecoin.
In a recent development, Grayscale has filed an application to launch a spot XRP exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).
The filing, published in a notice on Thursday, marks the final step in the regulatory approval process for the ETF, as it now awaits publication in the Federal Register.
Following the publication in the Federal Register, a 21-day window will open for interested parties to submit their comments on the filing. Afterward, the SEC will consider the feedback and decide whether to approve the ETF, reject it or commence formal proceedings.
The filing comes as part of Grayscale’s broader efforts to launch spot ETFs for various cryptocurrencies, including Solana and Dogecoin.
In a recent development, Grayscale has filed an application to launch a spot XRP exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).
The filing, published in a notice on Thursday, marks the final step in the regulatory approval process for the ETF, as it now awaits publication in the Federal Register.
Once published in the Federal Register, a 21-day window will open for interested parties to submit their comments on the filing. Afterward, the SEC will consider the feedback and decide whether to approve the ETF, reject it or commence formal proceedings.
The filing comes as part of Grayscale’s broader efforts to launch spot ETFs for various cryptocurrencies, including Solana and Dogecoin.
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