Update (February 18 and 5:42 pm UTC): This article cited MEMX instead of CBOE BZX. Since then, it has been modified.
According to a regulation submission on February 14, the US Securities and Exchange Commission (SEC) admitted to list the CBOE BZX’s asset manager 21Shares’ XRP (XRP) ETF (ETF).
Recognition is a sign of advances in the US exchange that wants to list the ETF, which includes the SPOT XRP, the default token of Ripple’s XRP Director’s Blockchain Network.
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 found the permissions to list four branch XRP ETFs, including 21Shares Core XRP Trust.
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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