Cboe Exchange files XRP ETFs 19b-4 forms for four issuers

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Coinjournal2025/02/07 16:55

By:Coinjournal

21Shares, Bitwise, Canary Capital, and WisdomTree filled in the 19b-4 forms
The SEC will begin a review process once it acknowledges the forms and will have 240 days to make a decision
The SEC approved the listing of spot Bitcoin ETFs in January 2024

The Chicago Board Options Exchange (Cboe) has filed four separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs).

The exchange filed the 19b-4 forms from 21Shares , Bitwise , Canary Capital , and WisdomTree .

The filings will begin a review process with the US Securities and Exchange Commission (SEC). Following acknowledgement from the agency, there will be a 240-day window for the SEC to either approve or deny the filings.

Crypto-friendly Mark Uyeda is currently the acting chair of the SEC .

In October, Bitwise filed an S-1 form for an XRP ETF with the SEC. Similarly, Canary Capital filed for an XRP ETF last year , reflecting its broader strategy to bring multiple crypto ETFs to the market.

The SEC approved the listing of spot Bitcoin ETFs in January 2024.

This is a developing story.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Strategy reported a Q4 net loss of $670.8 million, largely due to a $1 billion impairment on its bitcoin holdings, while increasing its BTC reserves to a record 471,107 BTC.With a recent accounting change allowing unrealized bitcoin gains to be recognized, analysts suggest MSTR could be on track for S&P 500 inclusion.

The Block•2025/02/07 19:00

The Daily: Cboe BZX files to list XRP ETFs, BlackRock increases Strategy ownership to 5% and more

Cboe BZX Exchange filed 19b-4 forms with the Securities and Exchange Commission late Thursday to list and trade spot XRP ETFs for Bitwise, 21Shares and Canary Capital.Asset management giant BlackRock has increased its ownership stake in Strategy (formerly MicroStrategy) from 4.09% to 5%, according to a Schedule 13G filing with the SEC.

The Block•2025/02/07 19:00