The Countdown to XRP ETFs Has Begun as the Cboe BZX Exchange Submits 19b-4 Filings to the SEC

The Chicago-based Cboe BZX Exchange submitted four separate 19b-4 filings to the U.S. Securities and Exchange Commission (SEC) on behalf of asset

Four separate 19b-4 filings have been submitted to the U.S. Securities and Exchange Commission (SEC) by the Chicago-based Cboe BZX Exchange on behalf of WisdomTree, Bitwise, 21Shares, and Canary Capital, paving the way for the listing and trading of spot XRP ETFs. This follows the initial S-1 submissions for these ETFs.

The filings bring the XRP ETF approval process closer to completion. Upon accepting the filings, the SEC will begin a 240-day review period to assess the proposals. This includes deliberations, public comments, and potential amendments before reaching a final decision.

The demand for cryptocurrency ETFs has surged in recent years as institutions and retail investors prefer regulated investment vehicles for digital assets. Following the approval of Bitcoin and Ethereum ETFs, the stage is set for other cryptocurrencies to enter the ETF market.

As one of the largest cryptocurrencies by market capitalization, XRP is a strong contender for ETF approval, particularly after Ripple's legal clarity from its case against the SEC. Market analysts anticipate that the approval of these XRP ETFs will enhance liquidity, price stability, and mainstream adoption.

An XRP ETF enables investors to gain exposure to XRP without directly purchasing and storing the cryptocurrency, which can be complex for those new to digital asset management.

The competition among asset managers to launch the first XRP ETF also highlights the growing interest in regulated cryptocurrency products. Firms like WisdomTree, Bitwise, and 21Shares have launched and managed digital asset funds globally, making their involvement in XRP ETFs significant.

Despite the optimism, regulatory hurdles remain. The SEC has maintained a cautious stance toward cryptocurrency ETFs, expressing concerns about market manipulation, liquidity, and investor protection. However, recent developments, including court rulings favoring Ripple, have strengthened the case for an XRP ETF.

If approved, the XRP ETFs are expected to have a profound impact on the cryptocurrency market, attracting new investors and potentially influencing XRP's price movements. Institutional participation will also increase, further integrating XRP into the mainstream financial ecosystem.

As the SEC reviews the 19b-4 filings, the crypto community will be eagerly following the developments, anticipating a landmark decision that will shape the future of XRP and the broader cryptocurrency market. The coming months will be critical in determining whether XRP joins Bitcoin and Ethereum in the ETF space, ushering in a new era of regulated digital asset investments.