XRP Dips After SEC’s ETF Blow But A Rebound Looks Likely
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The United States Securities and Exchange Commission (SEC) has raised concerns about the recent filings for spot Bitcoin exchange-traded funds (ETFs), stating that they are insufficient. This comes after asset management giants BlackRock and Fidelity submitted their applications to launch spot Bitcoin ETFs. The Wall Street Journal reported that the SEC shared its perspective on the filings with Nasdaq and Cboe. Specifically, the agency expressed that the filings lacked clarity and comprehensiveness. Following the release of this news, Bitcoin experienced a drop of nearly 2% in its value. Similarly, other altcoins, including XRP, also saw a decline in their respective
The US Securities and Exchange Commission (SEC) has reportedly told exchanges Nasdaq and Cboe that recent filings for spot Bitcoin (BTC) exchange-traded funds (ETFs) from asset managers including BlackRock and Fidelity were not “clear and comprehensive” enough. Bitcoin ETFs In Jeopardy? The SEC has rejected several Bitcoin ETF filings in…
In a remarkable development, several asset managers submitted amended filings with the U.S. SEC, updating their spot XRP ETF applications on the same day. On August 22, CoinShares, Grayscale, Canary, Franklin, WisdomTree, Bitwise, and 21Shares updated their S-1 applications with the SEC for spot-based XRP exchange-traded funds (ETFs). The updated…
Franklin Templeton, Bitwise, and Canary Capital have all filed updated S-1 registration statements with the Securities and Exchange Commission (SEC) in recent days, intensifying the race to launch the first U.S. spot XRP exchange-traded fund (ETF). The filings, posted between October 31 and November 4, suggest issuers are eyeing mid-November…