SEC Acknowledges XRP ETF Filing, Decision Due Within 240 Days
- The SEC acknowledged a 19b-4 filing by NYSE and Grayscale for an XRP ETF.
- This is the first time the SEC has responded to a filing regarding XRP.
- The SEC has up to 240 days to make a decision on this filing.
- The acknowledgment is significant due to the ongoing lawsuit against Ripple, XRP’s issuer.
- Ripple partially won its court case in August, with XRP deemed a non-security in secondary markets.
The SEC’s acknowledgment of the XRP ETF filing marks a notable development, especially given its legal history with Ripple. The Commission now has up to 240 days to decide on this application.
Source (2.6)https://www.coindesk.com/policy/2025/02/14/reality-of-xrp-etf-is-one-step-closer-after-sec-acknowledges-filing?rand=52298
