{"id":139166,"date":"2024-10-09T13:30:16","date_gmt":"2024-10-09T10:30:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139166"},"modified":"2024-10-09T12:06:44","modified_gmt":"2024-10-09T09:06:44","slug":"another-firm-seeks-sec-approval-for-spot-xrp-etf","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/another-firm-seeks-sec-approval-for-spot-xrp-etf\/","title":{"rendered":"Another Firm Seeks SEC Approval for Spot XRP ETF"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2039505\/000199937124013130\/0001999371-24-013130-index.htm\">move<\/a><\/strong> highlights the growing interest in alternative digital assets beyond <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong>, although the outlook for a similar <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a><\/strong> ETF has dimmed significantly.<\/p>\n<p>The proposed ETF would track <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP\u2019s value<\/a><\/strong> using a benchmark index that pulls data from various regulated exchanges.<\/p>\n<p>If approved, it would allow both institutional and retail investors to access XRP through traditional financial markets while simplifying issues related to custody and regulation.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/u-s-bitcoin-and-ethereum-etfs-see-significant-outflows-as-trading-volume-rises\/\" title=\"U.S. Bitcoin and Ethereum ETFs See Significant Outflows as Trading Volume Rises\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/BTC-ETH-Price-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">U.S. Bitcoin and Ethereum ETFs See Significant Outflows as Trading Volume Rises<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>This push for an XRP ETF comes as demand for diverse crypto investment options rises. Bitwise has also <strong><a href=\"https:\/\/cryptodnes.bg\/en\/breaking-bitwise-submits-xrp-etf-filing\/\">filed<\/a><\/strong> for an XRP ETF, and Grayscale recently introduced an XRP Trust, reflecting increasing interest from the Ripple community.<\/p>\n<p>Despite this momentum, challenges persist. The SEC is appealing a recent ruling regarding XRP\u2019s non-security status, and experts believe that an XRP futures ETF might need to be approved before a spot ETF can move forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canary Capital has submitted a proposal to the SEC for a spot XRP ETF, aiming to offer investors exposure to the cryptocurrency without directly buying it.<\/p>\n","protected":false},"author":3,"featured_media":38194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-139166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Another Firm Seeks SEC Approval for Spot XRP 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