Ripple (XRP) ETF Progresses Toward Approval with Key Step

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XRP’s price has continued to lose ground despite the positive news.

The race to launch another crypto-based exchange-traded fund in the US continues in full force and XRP has reached another milestone as Bitwise’s filing has been officially acknowledged by the SEC.

The 19b-4 filing, published in the Federal Register, means that the agency’s approval process has begun, while the interested parties have 21 days to send their comments.

Following that deadline, the US regulator has the right to “approve, disapprove, or institute proceedings.” Recall that the SEC previously acknowledged XRP ETF filings from Grayscale and 21Shares, while those from Canary Capital and WisdomTree are still pending.


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