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XRP Spot ETFs Gain Major Traction
The recent surge in interest for XRP spot exchange-traded funds (ETFs) has taken the crypto community by surprise. A series of filings have been submitted to the Securities and Exchange Commission (SEC), which, if approved, could pave the way for the launch of these innovative products.
As reported by U.Today, Bitwise and Canary Capital are among the companies that have filed with the SEC to launch XRP spot ETFs. This development comes after months of speculation about a potential XRP ETF listing.
The fact that multiple issuers have joined forces to propose similar products suggests that there is significant demand for these types of funds. Should the SEC approve any of these proposals, it could be a major win for XRP investors and enthusiasts who are eager to access their assets through more traditional financial instruments.
While the 240-day review period has not yet commenced, the recent surge in interest for XRP spot ETFs highlights the growing appetite among institutional investors and retail traders alike for crypto-based investment products.
