- 21Shares, Bitwise, Canary Capital, and WisdomTree filled in the 19b-4 forms
- The SEC will begin a review process once it acknowledges the forms and will have 240 days to make a decision
- The SEC approved the listing of spot Bitcoin ETFs in January 2024
The Chicago Board Options Exchange (Cboe) has filed four separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs).
The exchange filed the 19b-4 forms from 21Shares, Bitwise, Canary Capital, and WisdomTree.
The filings will begin a review process with the US Securities and Exchange Commission (SEC). Following acknowledgement from the agency, there will be a 240-day window for the SEC to either approve or deny the filings.
Crypto-friendly Mark Uyeda is currently the acting chair of the SEC.
In October, Bitwise filed an S-1 form for an XRP ETF with the SEC. Similarly, Canary Capital filed for an XRP ETF last year, reflecting its broader strategy to bring multiple crypto ETFs to the market.
The SEC approved the listing of spot Bitcoin ETFs in January 2024.
This is a developing story.
