The race continues to launch another trading box for exchange in the United States in the United States, and XRP has reached another milestone where Bitwise has been officially recognized by SEC.
the 19B-4 filePublished in the federal registry, means that the agency approval process has started, while the parties concerned have 21 days to send their comments.
After that deadline, the American organizer has the right to “approve procedures, rejection or institute.” I remember that SEC has previously recognized the Grayscale and 21shares, while those from Canary Capital and Wisdomtree are still hanging.
Contrary to the recognition of the XRP ETF application of 21shares, which caused an immediate uproar, this time, the encrypted currency failed to make any major gains in the first hours after the outbreak of the news.
XRP, along with most of the market, is deep in the red color today, as it decreased by more than 5 % on a scale 24 hours to less than $ 2.5.
Despite these declarations from the United States, the agency is still working in a legal battle against Ripple. Experts believe that the lawsuit needs to be completed first before the possible approval of the ETF XRP.
In addition, ETF experts in Bloomberg, James Sevart and Eric Balunas confirmed that XRP is not the pioneer in terms of encrypted assets in the queue after BTC and ETH to have its own trading box. Litecoin mode as well as Dogecoin before.
However, the CEO of Ripple, Brad Garlinghouse, is still optimistic that he has several times that ETF XRP “is inevitable.”
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