The post Cboe BZX Exchange Files 19b-4 for Potential Spot XRP ETF Amid Increased Regulatory Interest appeared on BitcoinEthereumNews.com.

The recent surge in spot exchange-traded product (ETF) filings for XRP highlights a significant push towards mainstream cryptocurrency investment. With Cboe BZX Exchange’s submission of 19b-4s for XRP ETFs from Bitwise, 21Shares, and Canary Capital, the market landscape is poised for transformative changes. “The approval of these filing submissions demonstrates a clear shift in regulatory attitudes towards cryptocurrency assets,” a source from COINOTAG stated. The article discusses a new wave of spot ETF filings for XRP, including notable submissions from Bitwise, 21Shares, and Canary Capital, amid changing regulatory landscapes. Rising Interest in XRP Spot ETFs: Implications for Investors The **Cboe BZX Exchange** has recently filed for multiple spot ETFs tracking **XRP**, marking a pivotal moment for both the asset and the entire crypto market. Historically, **XRP** has faced regulatory scrutiny, but the recent actions signal a potential thaw in the regulatory climate. Bitwise’s initial registration for an XRP ETF in October was followed quickly by similar submissions from notable players like 21Shares and Canary Capital, aligning with a growing trend of institutional interest in cryptocurrency products. Understanding the 19b-4 Filing Process and Its Importance The **19b-4 filing** you often hear about is critical in the process of launching a new ETF. This document is part of a two-step procedure presented to the U.S. **Securities and Exchange Commission (SEC)**, aiming to secure approval for the proposed financial product. Once the SEC acknowledges the filing, it will appear in the **Federal Register**, setting the stage for review and potential approval. This process not only validates the ETF’s design but also serves as an indicator of regulatory support for cryptocurrencies. Competitive Landscape: Multiple Filings for XRP ETFs In addition to the filings from **Bitwise and 21Shares**, other firms are also vying for approval. For instance, **WisdomTree** followed suit by submitting their own filing…

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Filed under: News - @ February 7, 2025 12:24 am