YEREVAN (CoinChapter.com) — The Securities and Exchange Commission (SEC) has officially acknowledged an XRP ETF filing from Bitwise. The acknowledgment comes just over a week after Cboe BZX Exchange submitted an application to list multiple XRP ETFs, including the 21Shares Core XRP Trust.
SEC Notice on Cboe BZX Filing for Bitwise XRP ETF Listing Under Rule 14.11(e)(4). Source: Securities and Exchange CommissionThis is not the first time the SEC has recognized an XRP ETF application, but the speed of the acknowledgment stands out. However, XRP’s price has not moved significantly, despite the latest filing. The XRP/USD chart from TradingView shows that the price remains around $2.53, fluctuating within a narrow range. The latest data from Bitstamp records a high of $2.53875 and a low of $2.53546, reflecting a 0.07% decline. Trading volume sits at 5.61K XRP, indicating activity but no major buying pressure.
This price behavior differs from earlier in the week when the SEC’s acknowledgment of a different XRP ETF filing led to a brief price increase. This time, however, market sentiment remains neutral, suggesting traders are waiting for further regulatory clarity or additional developments before making significant moves.
XRP/USD Price Chart Shows Stability After SEC Acknowledges Bitwise XRP ETF Filing. Source: TradingViewXRP ETF Filings Continue Amid Regulatory Shifts
The last few weeks have seen multiple XRP ETF filings reach the SEC. The regulator has also interacted with Ripple regarding its ongoing lawsuit. While there is speculation about a possible resolution, no official statement has been made.
The latest filing acknowledgment was published in a regulatory notice. It states:
“Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934, and Rule 19b-4 thereunder, notice is hereby given that on February 6, 2025, Cboe filed with the Securities and Exchange Commission a proposed rule change to list and trade shares of the 21Shares Core XRP Trust.”
Under previous SEC leadership, approvals for XRP ETFs were seen as unlikely. However, the regulatory landscape has changed, leading to more XRP ETF applications being considered.
Despite the lack of price movement, market sentiment has been tracking developments. Polymarket odds indicate confidence that at least one XRP ETF approval could happen by 2025.
According to the latest Polymarket data, the probability of a Ripple ETF approval in 2025 stands at 78%, reflecting an 8% increase. The market has seen fluctuations, but overall, traders remain optimistic about the SEC granting approval this year. The total trading volume on this prediction stands at $41,761, indicating strong interest in the outcome.
Polymarket Data Shows 78% Odds for XRP ETF Approval in 2025 as Market Confidence Grows. Source: Polymarket.comSEC’s Handling of Filings Speeds Up
The SEC acknowledged an XRP ETF proposal from Grayscale earlier this week. That proposal was submitted in late January, making the response time notable. The Bitwise filing received acknowledgment just over a week after submission.
The Cboe BZX Exchange has also filed 19b-4 applications for several other XRP ETF issuers, but the SEC has not yet responded to those filings. Many analysts believe that an XRP ETF will not receive approval until the Ripple lawsuit is settled.
Some expect the SEC’s classification of XRP to play a major role in the ETF approval timeline. However, there has been no official confirmation regarding how the ongoing case will affect XRP ETF decisions.
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