The U.S. Securities and Exchange Commission (SEC) has recently acknowledged Bitwise’s filing for an XRP exchange-traded fund (ETF), sparking optimism within the crypto community. This move is seen as a positive signal for the price of XRP, with many hoping for a potential price rally in the near future.
According to the SEC, comments on the proposal are invited, with a deadline set for 21 days after it is published in the Federal Register. Following this period, the SEC will review the comments and decide whether to approve, disapprove, or initiate further proceedings regarding the XRP ETF.
This acknowledgment by the SEC comes after similar filings from 21Shares and Grayscale for spot XRP ETFs. However, the agency has yet to address filings from Canary Capital and WisdomTree, leaving the crypto community eagerly anticipating their decision.
The XRP community is buzzing with excitement over this development, as they believe it could potentially lead to a significant boost in the price of XRP. Despite the current market downturn, experts remain optimistic about the future growth of XRP and its potential for further adoption.
Overall, the acknowledgment of Bitwise’s XRP ETF filing by the SEC has injected a sense of optimism and hope into the XRP community. Many are now eagerly awaiting the SEC’s decision and the potential impact it could have on the price of XRP in the coming days and weeks.