The US Securities and Stock Exchange Committee is expected to decide early on Thursday whether it should be officially considered in a request to the XRP (ETF) exchange fund submitted by the Grayscale.
The deposit, which was submitted last month by NYSE Arca on behalf of Grayscale Investments, seeks to obtain permission to list and trade stocks in the proposed XRP ETF from Grayscale. SEC usually has about two weeks to accept such requests for review.
According to the Fox Business Eleanor Terrett correspondent, if the organizer chooses to recognize the file, he can do this very soon and that this step – or its absence – “gives us a good idea” on how to see SEC origin.
According to this very useful table of jseyff and EricBalchunasWe can see Secgov Acknowledges @grayscale‘s $ Xrp Spot Etf Filt early on Thursday (2/13), if he already chooses to recognize it. SEC usually has about 15 days to admit the submission of 19B-4 and … https://t.co/cn9sklushq
Eleanorterrett February 11, 2025
According to Bloomberg Habolis, James Sevart and Eric Balunas, and the current possibilities for SEC approval of ETF Spot this year by 65 %, less than the possibilities of visual approval on LTC, Sol or Doge ETF.
Many asset managers to study ETFS XRP – more than other altcoins games that have not yet been traded under these funds – including Grayscale, BitWise, Canary Capital, 21shares and Wisdomtree.
The legal battle of Ripple is held with SEC Launch XRP ETF
The timing of the deposit with the tail party coincides with a legal battle between Ripple laboratories, Creator XRP, and SEC, which has argued that the cryptocurrency was sold by the company as unregistered security.
A Court ruling In August, it offered a division decision, as it was found that TEH Asset was not safe when selling to retail investors on stock exchanges, but that was safe when selling to institutions. Ripple was fined $ 125 million.
The Supreme Education Council has appealed the ruling, and the case is now before the Court of Appeal for the second department. Ripple has until April 16, 2025, to provide its response.
