Cboe Submits 19b-4 Filings for XRP ETFs from 21Shares, Bitwise, WisdomTree, and Canary Capital to US SEC
Key Highlights:
- Cboe BZX Exchange has filed 19b-4 applications with the US SEC for XRP ETFs from asset managers Bitwise, Canary Capital, 21Shares, and WisdomTree.
- This filing is a prerequisite before the S-1 submission by these firms.
- Interest in crypto ETFs is rising amid evolving regulatory conditions.
The Cboe BZX Exchange has officially submitted 19b-4 filings to the US Securities and Exchange Commission (SEC) for four XRP exchange-traded funds (ETFs). These filings represent a critical step in advancing the listing of XRP-based ETFs from major asset managers, including Bitwise, 21Shares, WisdomTree, and Canary Capital.
XRP ETFs Move Closer to Regulatory Approval
According to the 19b-4 filings, the proposed XRP ETFs will comply with BZX Rule 14.11(e)(4), aligning with regulatory requirements for exchange-traded products. These filings are a necessary step toward securing approval for the proposed rule change that would allow these ETFs to be listed and traded.
Fox Business journalist Eleanor Terrett noted on X that this filing serves as an official notification requesting the SEC’s approval to list the XRP ETFs on Cboe. If the SEC acknowledges the filing, a 240-day review period will commence. Analysts believe the chances of acknowledgment are high, given the SEC’s recent acceptance of a similar filing from Grayscale Investments.
Additionally, the SEC has now opened the public comment period for a Litecoin ETF proposal, marking the start of its review process. This move underscores the increasing momentum in crypto ETF adoption as regulatory frameworks continue to evolve.
