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SEC Acknowledges Bitwise XRP ETF Filing, 90-Day Review Period Begins
The United States Securities and Exchange Commission (SEC) has formally acknowledged the filing of a spot XRP ETF by Bitwise. This significant development marks the initiation of a 90-day review period during which the regulatory body will assess the proposal to determine its suitability for public trading.
As part of this process, the SEC will conduct an examination of the proposed Bitwise XRP ETF’s structure and underlying assets. Should the proposal pass scrutiny, it would grant investors regulated access to XRP, a digital asset that has garnered attention for its potential in facilitating fast and low-cost cross-border transactions.
Source: coincentral.com
