In a latest update, the U.S. Securities and Exchange Commission (SEC) has acknowledged Bitwise’s XRP exchange-traded fund (ETF). The crypto community is celebrating the move, viewing it as a positive signal for XRP’s price.
The SEC has invited comments on the proposal, with a deadline 21 days after it is published in the Federal Register. After this period, the agency will decide whether to approve, disapprove, or initiate proceedings.
The SEC has previously acknowledged spot XRP ETF filings from 21Shares and Grayscale, but has yet to address the filings from Canary Capital and WisdomTree, leaving the crypto community eagerly awaiting their decision.
The XRP community is excited over the develoment, hoping it could lead to a price boost. Despite a current downturn, experts are still optimistic about XRP’s future growth.
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