According to the regulation submission, MEMX, a US securities exchange, asked the Securities and Exchange Commission to list the XRP (XRP) exchange transaction fund (ETF) as a “product -based trust”.
This submission is displayed as the latest efforts of the US exchange to list the ETF, which includes the SPOT XRP, the default token of Ripple’s XRP ledger.
It also emphasizes how the SEC is changing its attitude toward cryptocurrency as President Donald Trump begins his second term. In 2020, the SEC sued Ripple and insisted that the blockchain developer issued unregistered securities when launching an XRP token.
The incident was partially solved in August when the US judge ruled that the XRP token was essentially security but in a particular situation.
Listed on product trusts, XRP will be placed in the same category as the SPOT BITCOIN (BTC) and ETHER (ETH) ETFs that started in the United States last year.
21Shares submitted on November 5 to list the core XRP Trust ETF, a few days before the encryption -friendly Trump prevailed in the US election. Trump promised to make the United States a “worldwide capital of the world,” and knocked on industrial leaders for KEY. Regulatory posts.
On February 6, CBOE BZX, another US securities exchange, found the authority to list four branch XRP ETFs, including 21Shares core XRP Trust. The SEC admitted the application on February 14.
Numerous encryption ETFs are waiting for regulatory approval. source: Bloomberg Information
relevant: Sec
Trend
The issuers have submitted to list 12 cryptocurrency ETFs to expect industry executives to expect to be more acceptable to the Trump administration’s encryption.
This includes ETFs with Memecoins such as Dogecoin (Doge), official Trump (Trump) and Bonk (Bonk).
The issuer also submitted to list the ETF for “Altcoins” such as ETF or Solana (SOL) and Litecoin (LTC) for alternative cryptocurrency.
On the other hand, those who have existing password ETFs, that is, Spot BTC and ETH, are now trying to add new features such as staying and in -kind restraint.
The issuer is also waiting for approval for various planned password ETFs designed to hold various digital token baskets.
On February 14, HashDex Nasdaq Crypto Index US ETF, the first Spot Crypto Index Fund, started trading at NASDAQ.
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