- 21Shares, Bitwise, Canary Capital and WisDomtree are filled in 19B-4 forms.
- The SEC begins the review process if it takes 240 days to recognize the form and make a decision.
- The SEC approved the SPOT BITCOIN ETF list in January 2024.
CBOE (Chicago Board Options Exchange) started the XRP Exchange-Traded Fund (ETF) by submitting four separate submissions on behalf of the issuer.
Exchange submitted 19b-4 forms from 21Shares, Bitwise, Canary Capital and WisDomtree.
Submission begins with the US Securities and Exchange Commission (SEC). With the approval of the institution, there is a 240 -day window that can be approved or rejected by the SEC.
Encryptive Mark Uyeda is currently the chairman of the SEC.
In October, Bitwise submitted the S-1 form for SEC and XRP ETF. Similarly, Canary Capital submitted an XRP ETF last year to reflect a wide range of strategies for launching multiple encryption ETFs to the market.
The SEC approved the SPOT BITCOIN ETF list in January 2024.
This is a developing story.