XRP ETF Race Heats Up: Ripple CEO Highlights 19b-4 Submissions

Quick Summary:

On Thursday, the Chicago-based Cboe Exchange filed four separate 19b-4 applications with the US Securities and Exchange Commission (SEC), seeking approval to list and trade spot XRP exchange-traded funds (ETFs) proposed by WisdomTree, Bitwise, 21Shares, and Canary.

Once published in the Federal Register, the regulator typically has an initial 45-day window to either approve, deny, or extend the review of each proposed rule change.

Fourth, there will be built-in mechanisms to halt intraday trading during periods of extreme volatility, a feature that aims to protect retail investors in particular.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryUnited States

Topics: XRP news Ripple news XRP ETF XRP Ripple XRP price Spot XRP ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-08 @ 06:30:31 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25977472

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